Bloomberg News

Deutsche Bank Boosts Postbank Stake as Planned on MEB, Options

February 28, 2012

Deutsche Bank AG (DBK) boosted its stake in Deutsche Postbank AG (DPB) to 93.7 percent after Deutsche Post AG (DPW) exercized its option to put 26.4 million shares and the mandatory exchangeable bond was exhanged into 60 million Postbank shares as planned.

Deutsche Bank acquired an additional 4.8 million Postbank shares since the end of 2010, the Frankfurt-based lender said in an e-mailed statement today.

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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