BERLIN AFP — The head of Germany's fourth largest bank Commerzbank, Klaus-Peter Mueller, has expressed interest in a merger with postal bank Postbank. In an interview for the German Sunday newspaper Welt am Sonntag Mueller said: "If we merged with Postbank we would become the biggest bank for retail...
FRANKFURT AFP ? This week will decide the success or failure of the biggest stock exchange listing in Germany in nearly four years, that of Postbank, as executives set out to win over investors after a slow start to the key initial public offering IPO, analysts revealed. Postbank chairman...
BERLIN AFP — The German insurer Allianz and Commerzbank have put forward a joint bid for Postbank worth 10 billion euros (15.7 billion dollars), the weekly Manager Magazin said on its website Thursday. Citing sources close to the matter, it said Allianz would eventually like to merge Postbank, controlled...
FRANKFURT AFP ? Postbank, the banking arm of the German postal authority Deutsche Post, is hoping to raise a little over three billion euros (3.6 billion dollars) from its initial public offering IPO at the end of June. In order to estimate its market value, Postbank undertook a comparison...
Deutsche Bank and Morgan Stanley have emerged as the frontrunners to lead the initial public offering of Postbank, which is expected to be among Germany's biggest flotations next year.Both banks declined to comment on Wednesday night, but one person close to Postbank - a division of...
FRANKFURT AFP — Shares in German retail bank Postbank leapt higher Thursday on press reports which said parent group Deutsche Post had begun moves to sell its stake in the group. Postbank shares showed a gain of 2.50 percent to 63.95 euros in morning trades, leading the Dax index...
FRANKFURT AFP — Shares in German postal bank Deutsche Postbank leapt higher Wednesday amid fresh takeover and merger speculation sparked by a press report early in the day. Postbank shares gained 10.70 percent to 57 euros (83.28 dollars), topping by a wide margin the DAX index of leading shares,...
FRANKFURT AFP — The German logistics group Deutsche Post could decide by mid-September on the future of its banking subsidiary Postbank, a press report said Tuesday as sector consolidation shifted up a gear. Deutsche Post's supervisory board is to meet on September 12, the business daily Handelsblatt reported. ...
FRANKFURT AFP — German postal bank Postbank has announced that its net profit in the first quarter had increased by 19.6 percent from the equivalent figure for 2005 owing to growth of its core retail banking division. Net profit in the first three months of the year increased to...
FRANKFURT, AFP ? Deutsche Bank executives are to meet to discuss making a possible takeover offer for Postbank, the banking arm of semi-privatised German postal authority, Deutsche Post, a banking source told AFP. The daily Die Welt reported in its Tuesday edition that Deutsche Bank, Germany's biggest bank, was...
FRANKFURT, AFP ? Deutsche Bank, lead-manager of the initial public offering IPO of Postbank, values the bank at between 4.4 and 5.3 billion euros (5.4-6.5 billion dollars), less than its parent Deutsche Post claims it is worth, an internal memo obtained by AFP reads. The chairman of the semi-privatised...
Postbank - Fortis's joint venture with An Post - has just opened its new head office in Dun Laoghaire in south Dublin. The move brings 50 jobs to the town. Postbank has also announced the opening of its latest branch in Dun Laoghaire Post Office. Jos Clijsters, CEO of Fortis...
BONN, Germany AFP — Postbank, the banking arm of the semi-privatised German postal service Deutsche Post, said that bottom-line profits rose by 13 percent to 492 million euros (585 million dollars) in 2005. Pre-tax profit was up by 11 percent at 719 million euros, Postbank said in a statement...
BONN, Germany AFP — Deutsche Post, the semi-privatised German postal authority, rejected the advances made by Germany's fourth-biggest bank Commerzbank to Deutsche Post's banking unit Postbank. "There aren't and have not been any talks with Commerzbank," a Deutsche Post spokeswoman said Monday, adding that no changes were planned in...
FRANKFURT AFP — Postbank, the banking arm of the semi-privatised German postal service Deutsche Post, is planning to cut nearly 1,200 jobs by the end of next year, a source close to the matter said.. Referring to a report in the financial daily Boersen-Zeitung which had said 1,200 jobs...
FRANKFURT AFP ? The head of Deutsche Post, which has been forced to postpone a flotation of its banking subsidiary Postbank, criticised indirectly Deutsche Bank for playing a role in the delay. As Deutsche Post was preparing its initial public offering IPO, an internal Deutsch Bank document valuing Postbank...
BERLIN AFP ? Germany's Deutsche Bank is considering the 100-percent purchase of Postbank, the subsidiary of the country's semi-public Deutsche Post. "We are in the process of dealing with that," Sunday's edition of Welt am Sonntag quoted the board member of Germany's biggest bank as saying. The purchase...
BERLIN AFP ? The flotation of the German postal bank Postbank may not go ahead as planned on Monday. The daily die Welt reported Saturday, quoting banking sources, that the banking unit of the semi-privatised postal authority Deutsche Post was poised to launch a new subscription period with a...
FRANKFURT AFP ? A day before the subscription period ends in the initial public offering IPO of Postbank, the tug-of-war appeared to be continuing over the issue price of the new shares in the banking unit of the semi-privatised postal authority Deutsche Post. Big investment funds were pressing for...
