KAS BANK aquires Deutsche Postbank Privat Investment from Deutsche Postbank

Posted on: Wed, 05 Aug 2009 14:19:00 EDT


Symbols: DEUPF
Aug 05, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
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.

For full details on (DEUPF) DEUPF. (DEUPF) has Short Term PowerRatings at TradingMarkets. Details on (DEUPF) Short Term PowerRatings is available at This Link.

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