China's Dalian Wang Jianlin Group, owned by Wanda, is actively looking to acquire a bank or banks in Europe, as it attempts to shift from its core real estate business. Reports had suggested that this included Germany's Deutsche Postbank, however, Wang Jianlin have since issued a statement indicating discussions have not yet taken place. Deutsche Bank is thought to been eager to offload the German retail unit.
China's Dalian Wanda Group, owned by Wang Jianlin, is actively looking to acquire a bank or banks in Europe, as it attempts to shift from its core real estate business. Reports had suggested that this included Germany's Deutsche Postbank, however, Wanda have since issued a statement indicating discussions have not yet taken place. Deutsche Bank is thought to been eager to offload the German retail unit.