Deutsche Bank in no rush to acquire Postbank

Deutsche Bank is not pursuing an accelerated takeover of Deutsche Postbank even though it has bought more shares in the retail bank in recent weeks, a source familiar with the matter told Reuters.

Deutsche Bank is not pursuing an accelerated takeover of Deutsche Postbank even though it has bought more shares in the retail bank in recent weeks, a source familiar with the matter told Reuters.

Deutsche has built up its stake in Postbank to take advantage of low share prices but it sees no point in “spending billions” now because it holds the option to acquire Postbank outright in a few years anyway, the source said.

Deutsche Bank declined to comment.

Deutsche owns more than 25% in Deutsche Post subsidiary Postbank.

Deutsche Bank and Deutsche Post in January agreed new terms for the bank’s $6.5bn takeover of Deutsche Postbank, speeding up the deal and giving Post a temporary stake in Germany’s biggest lender.