Since 2010, Postbank is majority-owned by Deutsche Bank. Because the expectations were not met, will German Bank CEO John Cryan sell the institute (Photo: Reuters).
Frankfurt The German bank allows the compensation of the remaining shareholders of Postbank cost 245 million euros. The German Postbank announced on Tuesday its majority shareholder have set the compulsory severance to 35.05 euros per share. That’s less than the 36.40 euros, for the Postbank paper traded on the stock exchange on Tuesday. The German bank announced in April to take the daughter of the Postbank stock exchange before it is to be sold by the end of 2016, an initial public offering. The new chief executive John Cryan had announced their intention to implement the step as quickly as possible.
There are still seven million Postbank shares in free float. Many investors speculate on a higher compensation, if necessary through a judicial review proceedings for years. That was the price driven up, so that Postbank on the stock market almost eight billion euros worth calculation. Experts believe that they would be assessed realistically about the half when returning to the stock market.
debt ratio (leverage ratio) of selected banks
The costs associated with the acquisition of 14 million customers strong bank hopes had not been fulfilled. For the refinancing of the Deutsche Bank, the savings deposits of Postbank hardly played a role. Less German bank products were to Postbank customers sell them as intended. Moreover swelled the mortgage and housing loans of Postbank and its BHW the balance sheet of Deutsche Bank.
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