Deutsche Bank says places 25.4 mln shares in Crest Nicholson for Varde
LONDON, Nov 18 (Reuters) - Deutsche Bank (Xetra: 514000 - news) said on Tuesday it was placing, alongside Barclays (LSE: BARC.L - news) , around 25.4 million shares in British housebuilder Crest Nicholson on behalf of Varde Investment Partners.
The accelerated share offering constitutes Varde's full residual stake, Deutsche Bank said in a statement. (Reporting By Anjuli Davies, editing by Clare Hutchison)