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Deutsche Bank could shed some of its shares in fellow listed German bank Postbank on the market, despite rumors of a possible sale to Santander or Commerzbank, Boersen-Zeitung reported.
Deutsche Bank, which is seeking to reduce its Postbank stake from about 94% to less than 50%, has of late been rumored to be considering a sale to the German bank Commerzbank, whilst Spanish bank Santander has often been out forward as a possible buyer, the report added without identifying sources.
The report stated that Deutsche Bank's management will present options to the board on 24 April. The report said that the German government is unlikely to be willing to provide capital for Commerzbank's purchase of Postbank.
Postbank's market cap at the close of trading in Frankfurt yesterday (20 April) was EUR 7.511bn. |
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