deutsche bank ag-registered (DB) Key Developments
Deutsche Bank To Sell Postbank
Apr 17 15
Deutsche Bank AG's (DB:DBK) Board has decided to sell Deutsche Postbank AG (XTRA:DPB), rather than splitting off all retail operations at Germany's biggest lender, Der Spiegel magazine reported. "An alternative model that foresaw the complete separation of retail banking business appears not to have found sufficient support in the management board," the magazine said. Deutsche Bank declined to comment on the report, repeating it plans to reveal the results of its strategy review by the end of June 2015.
Deutsche Bank Sells Stake In Dalian Port
Apr 15 15
Inversions Inmobiliarias Lar, S.A. acquired an additional stake in Lar Espana Real Estate SOCIMI, S.A. (CATS:LRE) on April 14, 2015. Post acquisition, Inversions Inmobiliarias owns over 3% in Lar Espana.
Deutsche Bank AG Presents at 4th Annual Japan Airfinance Conference, Apr-17-2015 10:10 AM
Apr 13 15
Deutsche Bank AG Presents at 4th Annual Japan Airfinance Conference, Apr-17-2015 10:10 AM. Venue: The Peninsula Tokyo, Tokyo, Japan. Speakers: Richard Finlayson, Managing Director, Head of Asset Finance, Asia, Global Markets.
Deutsche Bank AG Announces Executive Changes
Apr 9 15
Deutsche Bank AG announced the appointment of Javeed Ameen as Chief Operating Officer or the Middle East and Africa region. Ameen will be based in Dubai, United Arab Emirates and report to Ashok Aram, CEO Middle East and Africa, and Karl von Rohr, Global Chief Operating Officer Regional Management. Ameen replaces Philippe Vollot who was COO MEA from 2010 to 2015 and has now been appointed Global Head of Regulatory Relationship and Coordination for Government & Regulatory Affairs, based in Frankfurt. As COO MEA, Ameen will be responsible for overseeing the Bank's infrastructure functions across all businesses and legal entities in the region. He joined Deutsche Bank Group in 2001 where he has held a variety of Regional Management roles including Chief Country Officer Deutsche Bank Mauritius and Chief Operating Officer Deutsche Bank India. Since 2008 he has held the Chief Operating Officer role in Deutsche Bank Saudi Arabia.
MBAC Fertilizer Is Considering Multiple Strategic Options
Apr 8 15
MBAC Fertilizer Corp (TSX:MBC) provides an updated on the strategic review process which is focused on improving the liquidity and working capital position. MBAC Fertilizer Corp. has received non-binding indicative offers and expressions of interest from a number of third parties, most of which are active in the fertilizer and agriculture sectors, in response to MBAC's previously announced strategic review process. These third-parties are currently completing their due diligence on MBAC's assets, and are expected to submit binding proposals in the second quarter of 2015. There can be no assurances that the Company will pursue or complete a business transaction or sale under its strategic process nor that a business transaction or sale will provide any value to all or any stakeholders. Deutsche Bank AG (DB:DBK) is appointed as a financial advisor for this purpose.