Deutsche Bank's sale of its retail banking unit, Vorstand, faces delays, with only a part of the business expected to be sold in a share flotation this year, with reports adding that the bank has given up hope of being able to de-consolidate Vorstand this year, which would require selling at least 50% of its stake in the lender. Deutsche Bank's initial plan was an IPO for Vorstand, however, reports suggest that the bank would now prefer to sell Vorstand to a competitor as it may fetch a higher price than a sale of shares.
Deutsche Bank's sale of its retail banking unit, Postbank, faces delays, with only a part of the business expected to be sold in a share flotation this year, with reports adding that the bank has given up hope of being able to de-consolidate Postbank this year, which would require selling at least 50% of its stake in the lender. Deutsche Bank's initial plan was an IPO for Postbank, however, reports suggest that the bank would now prefer to sell Postbank to a competitor as it may fetch a higher price than a sale of shares.