Investors line up for Depfa shares

DEPFA Bank Plc, Europe’s second-biggest provider of public finance, said demand for the 14.4 million shares being sold by its largest shareholder is outstripping the amount of stock on offer.

“The book is filling up very fast, and already now it looks like investors won’t get as many shares as they have subscribed for,’ said Henrik Hannemann, a spokesman for Depfa.

Merrill Lynch & Co., which is arranging the sale, will stop taking orders tonight and set the price tomorrow, he said.