Postbank not in merger talks, parent Deutsche Post not selling shares

Deutsche Postbank AG is not in merger talks with Deutsche Bank AG, Postbank chief executive Wulf von Schimmelmann told weekly Wirtschaftswoche when asked about ongoing takeover speculation.

There are no signals whatsoever that majority shareholder Deutsche Post AG is planning to reduce its stake in Postbank, he said.

‘I am certain that Postbank can increase its value more effectively if it remains independent,’ said von Schimmelmann, who is to be succeeded as CEO by current management board member Wolfgang Klein in July.

Deutsche Post currently holds 50 pct plus one share in Postbank.