Deutsche Post negotiates a mandate for global co-ordination with Deutsche Bank and Morgan Stanley

Deutsche Post World Net have began exclusive negotiations with Deutsche Bank and Morgan Stanley in regard to a mandate as global co-ordinators for the planned Postbank IPO. The chairmen of the management boards of Deutsche Post and Postbank, Dr Klaus Zumwinkel and Prof. Dr Wulf von Schimmelmann, had announced the institute’s plans for going public on 29 September.

In preparation for the planned IPO, Postbank has launched an efficiency and value enhancement programme entitled “Fit for the Future”. It is analogous to the STAR programme at Deutsche Post World Net. This programme will encompass both qualitative as well as quantitative projects in which the investment banks will take part.