Postbank
 

WKN: 800100
http://www.finanznachrichten.de/nach...e-postbank.asp
Germany's Deutsche Bank (DB: News ) announced Friday that it will buy a 29.75% stake in Deutsche Postbank from Deutsche Post for 2.79 billion euros or 57.25 euros per share . The consideration is to be paid fully in cash.

Deutsche Bank said it will fund the acquisition through an equity offering of 2 billion euros. The bank has also acquired the rights to buy an additional 18% in Deutsche Postbank for 55 euros per share. The option could be exercised between 12 months and 36 months after the acquisition of the initial 29.75% stake. The deal is expected to close in the first quarter of 2009.

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:rolleyes: