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Deutsche Bank AG said April 27 that in the next phase of its strategy, covering the period to 2020 and dubbed Strategy 2020, it will launch a re-IPO of unit Deutsche Postbank AG and expects its deconsolidation by the end of 2016.
Deutsche Bank said it acquired additional 2.7% of Postbank shares to prepare the execution of its strategy, increasing its shareholding to 96.8% from 94.1%. The lender intends to launch a squeeze-out, which is expected to be completed by 2015-end the latest, at a Postbank shareholders' meeting by August.
The bank's corporate banking and securities division plans...