Deutsche Bank has landed the sole investment banking role on the â¬800m ($1.2bn) initial public offering of Spanish savings bank Caja MadridâÂÂs investment portfolio, as it bids to make up ground on rivals in the European equity capital markets.
The German bank will advise on the fourth quarter flotation, which will involve Caja Madrid putting most of its financial assets into an investment vehicle, of which it will then take 30% public.
