Deutsche Post sells 29.75 per cent stake in Postbank to Deutsche Bank in growth-focused transaction

Deutsche Post has sold a minority stake of 29.75 per cent in Postbank to Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) for Euro 2.79 bn or Euro 57.25 per share. The acquisition of this stake is subject to approval by regulatory and anti-trust authorities and the German Government and will close in the first quarter of 2009.