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.
Read MoreDeutsche Bank, Morgan Stanley and CSFB have emerged as the frontrunners to lead the initial public offering of Postbank, which is expected to be among Germany’s biggest flotations next year.
Read MoreSpeculators were taking a sudden and unusual interest in the logistics industry as a flurry of buy orders propelled Exel to second place on the FTSE 100 leaderboard.
The shares of the freight forwarding and supply chain specialist ended 23p higher at 766p as talk of a bid from Deutsche Post, Europe’s largest postal service provider, swirled around the dealing rooms again.
Read MoreDHL Express Annual Report 2002
Read MoreDPWN sets sights on China and India
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