Deutsche Post examines acquisition of Norisbank
The management of Deutsche Post, Germany’s postal service operator, has confirmed that it is examining whether to acquire Norisbank, the Nuremberg-based subsidiary of HypoVereinsbank, Germany’s second largest bank. The profitable retail loan specialist is up for sale. Postbank, Deutsche Post’s banking subsidiary, is currently the only potential German buyer of Norisbank, which operates roughly 100 retail branches and has approximately 500,000 customers.
