Deutsche Bank has been pursuing the acquisition of Postbank since 2008, but has encountered difficulties in reaching a settlement with Postbank shareholders.
Recently, Deutsche Bank announced that it has settled the majority of claims with plaintiffs, agreeing to pay former shareholders an additional €31 per share, on top of the €25 previously paid. Nevertheless, some shareholders continue to hold out.
Last week, attorney Jan Mayer referred to Deutsche Bank’s offer as “dead on arrival.” He further commented on recent developments, stating, “Whatever was agreed … has no effect on any other claimant’s decision, so it is irrelevant going forward.”
Following the rejection of previous settlements, Deutsche Bank’s share prices experienced a decline, but rose by 3% after the announcement of the new agreements.
On Wednesday, the bank revealed plans to reduce the funds allocated for future payouts by €430 million.
In 2023, the German financial regulator Bafin criticized Deutsche Bank’s management of the Postbank situation as “unacceptable.”