Deutsche Post says it has no plans to reduce its Postbank holding

Deutsche Post AG is not planning to reduce its majority holding in Deutsche Postbank AG, a company spokeswoman said.

‘We will keep our majority stake,’ she said.

Shares in Germany’s largest retail bank rose sharply in today’s trade after comments made by Commerzbank AG management board member Wolfgang Hartmann that Postbank would make an ‘excellent addition’ to his bank re-ignited rumours of a possible takeover.

At 12.51 pm Postbank shares were 2.63 eur or 4.27 pct higher at 64.19, while the DAX was up 84.19 points or 1.08 pct at 7,885.42

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