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Deutsche returns to the Hertz fold

Deutsche Bank, which was forced to resign its place on the initial public offering of Hertz last year, has been hired by the US car rental company as a bookrunner on a $1bn (€748m) share sale.

In an embarrassing move last November, Deutsche was forced to resign from the $1.32bn flotation after a member of staff sent unauthorised e-mails about the transaction in a possible violation of securities laws.

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