Deutsche Bank swoop on rival to cost US$13bil


  • Business
  • Saturday, 13 Sep 2008

DUESSELDORF/FRANKFURT: Deutsche Bank is poised to swoop on rival Postbank in a two-part takeover valuing the retail lender at roughly US$13 billion, sources with direct knowledge of the matter said.

It is set to be the second bumper all-German banking deal in as many weeks after Commerzbank bought Dresdner.

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