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1. • • Deutsche Bank subsequently decided to sell Postbank, aborting a large-scale project to merge its IT systems. The sale was canceled when it failed to find a buyer, forcing it to initiate the next revamp.
     www.bnnbloomberg.ca/business/company-news/2024/08/23/deutsche-bank-finally-moves-on-from-ill-fated-postbank-deal/

     Deutsche Bank Finally Moves on From Ill-Fated Postbank Deal

2. People also ask

   Is Deutsche Bank planning to buy Postbank?

   • Deutsche Bank's CEO, Josef Ackermann, has stated that the bank is not interested in buying Postbank, but later added that he would 'rule out absolutely nothing'. Deutsche Bank is reportedly planning to buy Postbank in a two-stage manoeuvre, starting with an initial stake of less than 30% and the option to launch a full-blown takeover later.

   Deutsche Bank's topsy-turvy history with Postbank

   www.reuters.com/business/finance/deutsche-banks-topsy-turvy-history-with-postbank-2024-04-29/

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   Why is Deutsche Bank suing Postbank?

   • Effecten-Spiegel, a German financial publisher and Postbank shareholder, is suing Deutsche Bank for its lowball takeover offer for Postbank. The case has bounced around regional and higher courts. More former Postbank shareholders have also sued over the Postbank takeover. In a u-turn, Deutsche Bank announces plans to sell Postbank.

   Deutsche Bank's topsy-turvy history with Postbank

   www.reuters.com/business/finance/deutsche-banks-topsy-turvy-history-with-postbank-2024-04-29/

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   Was Deutsche Bank wrongdoing in Postbank purchase?

   • A judge states that there is no evidence of any wrongdoing by Deutsche Bank in the Postbank purchase. However, international and German investors have sued Deutsche Bank for 740 million euros in connection with the takeover of Postbank. After the merger, the combined bank has 20 million private clients and one million business and corporate customers.

   Deutsche Bank's topsy-turvy history with Postbank

   www.reuters.com/business/finance/deutsche-banks-topsy-turvy-history-with-postbank-2024-04-29/

   See all results for this question

   How does Deutsche Bank's Postbank settlement affect future acquisitions?

   • Deutsche Bank is now reviewing that decision, as the Postbank settlement allows it to release a chunk of its reserves. The ill-fated deal has also negatively influenced how Deutsche Bank has looked at future acquisitions, Sewing has indicated.

   Deutsche Bank Finally Moves on From Ill-Fated Postbank Deal

   www.bnnbloomberg.ca/business/company-news/2024/08/23/deutsche-bank-finally-moves-on-from-ill-fated-postbank-deal/

   See all results for this question

3. www.reuters.com › business › financeDeutsche Bank settles longest-running claim over Postbank

   www.reuters.com › business › finance

   Sep 5, 2024 · Sept 5 (Reuters) - Deutsche Bank (DBKGn.DE) has reached a settlement in its longest-running litigation over its 2008 takeover of Postbank, it said on Thursday.

4. www.reuters.com › business › financeDeutsche Bank's topsy-turvy history with Postbank | Reuters

   www.reuters.com › business › finance

   Apr 29, 2024 · Deutsche says it will buy Postbank in a two-stage manoeuvre, taking an initial stake of less than 30% with an option to launch a full-blown takeover later.

5. investor-relations.db.com › files › documentsDeutsche Bank updates on Postbank takeover litigation matter

   investor-relations.db.com › files › documents

   Apr 28, 2024 · What is the litigation matter about? - As described on page 310 of the Annual Report 2023, the plaintiff’s assertion is that control of Postbank had transferred to Deutsche Bank in 2008 and that the bank was obligated to make a mandatory takeover offer at that time at a higher price (€ 57.25 per share) than the offer of October 7, 2010 (€ ...

6. www.forbes.com › sites › greatspeculationsUnderstanding The Impact Of Deutsche Bank’s Ill-Fated ...

   www.forbes.com › sites › greatspeculations

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   Sep 19, 2019 · Deutsche bank acquired Postbank in 2010. At the time Postbank was acquired, it was the largest retail bank in Germany. The primary motive behind Deutsche Bank’s move was to increase its foothold...

7. www.db.com › news › detailDeutsche Bank reaches settlements with a large share of the ...

   www.db.com › news › detail

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   Aug 21, 2024 · Frankfurt am Main, 21 August 2024 - Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has made significant progress in its conversations with plaintiffs in the litigation concerning the takeover of Postbank and the offer price paid to former Postbank shareholders.

8. www.db.com › news › detailDeutsche Bank updates on Postbank takeover litigation matter

   www.db.com › news › detail

   • Cached

   Apr 26, 2024 · In a hearing on April 26, 2024, the Higher Regional Court of Cologne assessed the claims of certain former Postbank shareholders that a higher offer price in connection with Deutsche Bank's voluntary takeover offer of October 7, 2010, should have been paid.