Postbank-Deal
Post steigt bei Deutscher Bank ein
von Axel Granzow, Oliver Stock, Peter Köhler und Robert Landgraf
Die Deutsche Post beteiligt sich an der Deutschen Bank. Deutsche Bank-Chef Josef Ackermann zahlt für die Beteiligung an der Postbank teilweise mit eigenen, neuen Aktien. Die Post könnte nach Abschluss des Geschäfts mit bis zu zehn Prozent einer der größten Anteilseigener der Deutschen Bank sein. Das erfuhr das Handelsblatt aus Finanzkreisen.
fonte:
http://www.handelsblatt.com/unterne...en/post-steigt-bei-deutscher-bank-ein;2125652
Grazie onik,
posto la stessa notizia in inglese...
Deutsche Post Said to Mull Taking Deutsche Bank Stake (Update1)
By Jann Bettinga
Jan. 13 (Bloomberg) --
Deutsche Post AG may take a stake of as much as 10 percent in Deutsche Bank AG as part of a revised deal to sell its Deutsche Postbank AG unit to Germany’s biggest bank, a person with knowledge of the discussions said.
Deutsche Bank, which agreed in September to buy 29.75 percent of
Postbank along with an option to acquire more shares within three years, may pay part of the purchase price using stock, said the person, who declined to be identified because the talks are confidential. Deutsche Bank may also pay for the additional Postbank stake sooner than initially planned, the person said.
Deutsche Bank Chief Executive Officer
Josef Ackermann, who last year agreed to pay 2.79 billion euros ($3.68 billion) for the initial stake of almost 30 percent, is seeking to change terms of the purchase agreement after Postbank’s stock lost about two-thirds of its value since the deal was announced. Postbank is now worth about 3 billion euros. The stake transfer is only one of the options being discussed by the companies, the person said.
“It would be good for Deutsche Bank’s capital ratio to finance the Postbank deal via shares instead of using cash,” said
Philipp Haessler, an analyst at Equinet AG in Frankfurt who recommends holding Deutsche Bank shares.
Postbank
jumped 1.50 euros, or 12 percent, to 14.35 euros in Frankfurt trading. Deutsche Post fell 6 percent to 9.74 euros, while Deutsche Bank declined 0.9 percent to 24.27 euros.
Deutsche Bank spokesman
Michael Lermer in Frankfurt declined to comment. A Deutsche Post official said the company is committed to the Postbank contract, without elaborating.
Share Sale
Deutsche Bank has a target for a Tier 1 capital ratio, used to measure a bank’s ability to absorb loan losses, of 10 percent. The lender already raised 2.2 billion euros in a share sale in September to help finance the Postbank deal.
Ackermann reiterated on Nov. 21 that the company doesn’t need capital from Germany’s 500 billion-euro bank-rescue fund and instead will rely on “internal measures” such as selling stock. The plan to avoid seeking government aid is unchanged, a person close to the matter said last week.
Under the terms of last year’s agreement, Deutsche Bank will buy the 29.75 percent Postbank stake in the first quarter and then has an option to acquire another 18 percent within three years for 55 euros a share.
At the same time, Deutsche Post, which in total owns about 62 percent of Postbank, also has the option to sell the 18 percent to Deutsche Bank for 42.80 euros a share.
Deutsche Post CEO Frank Appel decided to sell Postbank last year to focus on mail, express deliveries and logistics. Europe’s biggest mail carrier wants to sell the Deutsche Bank stake in the medium term, said the person.
The new Postbank talks come after Commerzbank AG, Germany’s second-biggest lender, in November sped up its purchase of competitor Dresdner Bank from Allianz SE by as much as a year. The Frankfurt-based lender said yesterday it completed the deal.
Kreditanstalt Fuer Wiederaufbau, a state-owned development bank, owns about 31 percent of Deutsche Post.
To contact the reporter on this story:
Jann Bettinga in Frankfurt at
[email protected]
Last Updated: January 13, 2009 14:14 EST