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Citibank, Dresdner Bank, Postbank eyed from several European countries - report| 28 May 2008 | 02:04 AM ET Font size:
FRANKFURT (Thomson Financial) - Citigroup Inc.'s Citibank, Deutsche Postbank AG. and Allianz SE.'s Dresdner Bank have attracted the interest of possible buyers in several European countries, Handelsblatt reported, citing sources within the financial industry.
Citibank, Dresdner Bank, Postbank eyed from several European countries - report - News - MSNBC.com
The newspaper cited an unnamed investment banker as saying Sweden's SEB SA.
as well as France's BNP Paribas and Societe Generale have indicated their interest in buying Citibank.
Italy's UniCredit SpA. may also be interested despite chief executive Alessandro Profumo having said in the past it will concentrate on integrating Capitalia before making further purchases, it said.
The deadline for submission of non-binding offers for Citibank, whose value is estimated at about 4 billion euros to 5 billion euros, is June 4.
Meanwhile, Deutsche Post World Net AG. is still mulling the future of its 50 percent plus one share stake in Deutsche Postbank, Germany's biggest retail bank with some 14.5 million customers.
Handelsblatt cited sources within the financial industry as saying Deutsche Post has already received a non-binding offer for the bank.
ING Groep NV., Spain's Banco Santander SA. and Lloyds TSB Group have indicated their interest in the bank, Handelsblatt said.
These banks may also be interested in buying Allianz's Dresdner Bank.
Allianz chief executive Michael Diekmann said last week the German insurer is already in talks to participate in German banking industry consolidation, without giving further details.
All the parties involved declined to comment or were not immediately available for comment, the newspaper said.
maria.sheahan@thomsonreuters.com mas/ms1 COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
FRANKFURT (Thomson Financial) - Citigroup Inc.'s Citibank, Deutsche Postbank AG. and Allianz SE.'s Dresdner Bank have attracted the interest of possible buyers in several European countries, Handelsblatt reported, citing sources within the financial industry.
Citibank, Dresdner Bank, Postbank eyed from several European countries - report - News - MSNBC.com
The newspaper cited an unnamed investment banker as saying Sweden's SEB SA.
as well as France's BNP Paribas and Societe Generale have indicated their interest in buying Citibank.
Italy's UniCredit SpA. may also be interested despite chief executive Alessandro Profumo having said in the past it will concentrate on integrating Capitalia before making further purchases, it said.
The deadline for submission of non-binding offers for Citibank, whose value is estimated at about 4 billion euros to 5 billion euros, is June 4.
Meanwhile, Deutsche Post World Net AG. is still mulling the future of its 50 percent plus one share stake in Deutsche Postbank, Germany's biggest retail bank with some 14.5 million customers.
Handelsblatt cited sources within the financial industry as saying Deutsche Post has already received a non-binding offer for the bank.
ING Groep NV., Spain's Banco Santander SA. and Lloyds TSB Group have indicated their interest in the bank, Handelsblatt said.
These banks may also be interested in buying Allianz's Dresdner Bank.
Allianz chief executive Michael Diekmann said last week the German insurer is already in talks to participate in German banking industry consolidation, without giving further details.
All the parties involved declined to comment or were not immediately available for comment, the newspaper said.
maria.sheahan@thomsonreuters.com mas/ms1 COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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