Deutsche Post repeats has time to look at Postbank in '08

Deutsche Post reiterated on Monday that it would have room next year after the deregulation of the domestic mail market to deal with its Postbank retail bank unit.

Asked about a possible sale of Postbank, Deutsche Post investor relations head Martin Ziegenbalg said on Monday that the priority was to create value for shareholders.

But he reiterated that Postbank was currently not for sale.

Postbank shares extended gains and were up 6.4 percent at 56.06 euros by 1059 GMT, leading gainers on the German blue-chip DAX index