European banks are on track to raise the most money since 2011 from initial public offerings and rights issues as they seek to strengthen balance sheets and embark on acquisitions. Deutsche Bank AG, Credit Suisse Group AG and UniCredit SpA raised a combined 25 billion euros ($28 billion) while Banco Santander SA sought another 7 billion euros when it announced the acquisition of struggling rival Banco Popular SA last month. Allied Irish Banks Plc raised 3 billion euros in Europe’s largest initial public offering this year.
Source: Bloomberg Pro Terminal
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