Dresdner Kleinwort Wasserstein has pulled the Dkr2bn (€269m) initial public offering of LM Glasfiber, making it the German bank's second abandoned deal this year.

Dresdner is global co-ordinator and bookrunner for the deal. Nordea Securities is joint lead manager. The deal was abandoned because of &quotadverse market conditions&quot.

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Dresdner pulls LM Glasfiber float

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