Second large merging of German Banks
German credit system is in the fever of merger and conversion, writes "Handelsblat". Deutsche Bank confirmed for the first time the news led to talks with Deutsche Post to share participation in the Postbank. Negotiations are at an advanced stage. It is clear that this is an appropriate strategic step, but the question is whether it will lead to consensus on the price, said the director of Deutsche Bank Josef Akerman a forum of "Handelblat" in Frankfurt.
Today evening meet the management board of Deutsche Post, which must decide. Clear about what options remain for share participation will choose the director of "Deutsche Post" Frank Appeal. "Deutsche Post" hold 50 plus 1 share in "Postbank". Akerman reject the offer led by its institution to take over completely "Postbank". Major restructuring processes are something on which we do not need and do not strive, said Akerman. "Handelsblat" learned from financial circles that "Deutsche Bank intends to hold 30 percent of the capital of Postbank. Akerman rejected proposals to shareholders of Postbank to 100% - selling. Postbank is one of the few opportunities for sales, which remained vacant. "It fit very well to Deutsche Bank because Akerman wants to develop better not only investment banking but also private banking, experts say." Postbank has 850 subsidiaries and 14 million customers. A little time earlier "Deutsche Bank joined the ride for filiara of Citibank in Germany, but ultimately the French bank Credit Mutuel buy. So far Doche Bank made a small banking transactions in the retail purchase of Norisbank and affiliates der Berliner Bank. The Government will support the introduction of Deutsche Bank in the Postbank. This will be an important step in further consolidating the German banking sector, said Finance Minister Per Shtaynbruk.
Labels: Business News
posted by Zoritza Petrova @ 12:48 AM
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