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German Allianz and Commerzbank are reported to jointly bid for Deutsche Postbank, the country’s largest retail bank. According to the manager-magazin, both institutes offered 10 billion Euro for Postbank. This would create the second-largest German credit institut reshaping of
Allianz is reported to have held detailed discussions with Commerzbank. Under discussion is a three-way deal that would see it merge Dresdner’s retail banking operations with Commerzbank and Postbank.
Article manager magazin (German)
See also FT article (English)