Hints and tips:
...A detached house in the project, due to open in 2014, is on sale through Stofanel Investment AG for €1.95m....
...grow, whether through cross-selling – fewer than 2m of its customers use at least three banking products – or synergies, with some analysts saying there is more benefit to get from the 2006 acquisition of BHW...
...Integrating BHW would be the group’s top priority for the rest of the year, it added. The results follow record profits of €1.7bn at Deutsche Bank, announced earlier this month....
...Deutsche Bank raised its target price by €7 to €60, citing the positive implications of the company’s recent acquisitions of BHW and 850 bank branches from Deutsche Post....
...Deutsche Bank raised its target price for Deutsche Postbank from €53 to €60, citing the positive implications of the company’s recent acquisitions of BHW and 850 bank branches from Deutsche Post....
...Deutsche Postbank was up 2 per cent to €50.25 after reports that a hedge fund had bought a stake in the company’s BHW mortgage lending business....
...The €1.8bn price was seen as cheaper than expected and AHBR, BHW’s problem commercial property lender, will be separated from the group....
...Postbank, the German post office bank, is favourite to win the auction for BHW, worth about €2bn-€3bn, with Commerzbank also a declared interested party....
...The group made a €563m gain from selling down its stake in insurance group Allianz, plus smaller gains from divesting other stakes in MAN, the truck maker, and banks Commerzbank and BHW....
...Handelsblatt reported Deutsche Post chief executive Klaus Zumwinkel as forecasting that Deutsche Postbank would complete its purchase of German mortgage lender BHW Holding AG by the end of the year....
...The sale of stakes in BHW, the mortgage group, and MAN, the German conglomerate, together contributed gains of €248m....
...Germany’s biggest retail bank was upgraded last week by Deutsche Bank and was also continuing to benefit from news it did not plan to issue new shares to pay for BHW, the mortgage lender, it was looking...
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