Freshfields Bruckhaus Deringer and Cleary Gottlieb Steen & Hamilton have won lead roles on Deutsche Bank’s plans to raise €9.8bn (£8.1bn) to bolster its balance sheet and complete its proposed takeover of Deutsche Postbank.

The bank has instructed Cleary to advise on the capital raising, with Frankfurt-based capital markets partner Ward Greenberg and securities partner Hanno Sperlich leading the team.