Staatswirtschaft

12 May 2004

Berlin’s meddling in Postbank is reminiscent of the French government’s intervention in the Sanofi/Aventis bid. If the Germans emulate the French, it will be another black day for the market.

This content is for Subscribers only

Context News

The German government said it had no preference as to whether Postbank were floated or sold, fuelling further speculation about a bid from Deutsche Bank for the retailing bank subsidiary of Deutsche Post.

Deutsche's executive committee – in effect its management board – is understood to have discussed a possible bid at its meeting on Tuesday.

We have already made it clear that it is a decision for the companies alone whether Deutsche Bank makes a takeover offer, said a spokesman. He added that the government was following developments but remained strictly neutral.

Commerzbank said it would be interested in bidding for Postbank should Deutsche Post pull the bank's IPO and list it on the stock market.

Email a friend

Please complete the form below.

Required fields *