LONDON (Reuters) - Deutsche Bank (DE:DBKGn) said on Tuesday it was placing, alongside Barclays (L:BARC), around 25.4 million shares in British housebuilder Crest Nicholson (L:CRST) 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)