KAS BANK aquires Deutsche Postbank Privat Investment from Deutsche Postbank
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DEUPF | Quote | Chart | News | PowerRating -- KAS BANK N.V. has acquired Deutsche Postbank Privat Investment Kapitalanlagegesellschaft GmbH, a fund management company, from Deutsche Postbank AG. Both Deutsche Postbank Privat Investment and Deutsche Postbank are based in Germany.
KAS BANK is a Netherlands-based financial services company specialized in wholesale securities services, while Deutsche Postbank is a provider of banking and financial services.
Announcement (July 16, 2009):
KAS BANK has entered into an agreement to acquire Deutsche Postbank Privat Investment from Deutsche Postbank.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2009-08-01
Deal Participants
Acquirer (Company) KAS BANK N.V.
Vendor (Company) Deutsche Postbank AG
Deal Rationale
The acquisition would enable KAS BANK to further strengthen it business in the German market.
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