Deutsche Post’s Postbank in talks to buy ING BHF-Bank’s London ops
Deutsche Post World Net AG’s unit Deutsche Postbank is in talks with ING Group NV’s ING BHF-Bank to buy its London unit, the Handelsblatt reported, citing industry sources.
The newspaper said Postbank has largely concluded due diligence of the 60 employee-strong unit which focuses on real estate and currency and stock trading.
It added that after ING Group reached an agreement in principle last week to sell its entire BHF-Bank unit to Sal. Oppenheim, BHF-Bank now wants to unload assets which Sal. Oppenheim does not want to retain.
BHF-Bank, ING and Postbank all declined to comment on the matter, Handelsblatt said.
