India, April 28 -- Deutsche Bank has provided updates on the ongoing litigation concerning its acquisition of Postbank, revealing that a legal provision will affect its second-quarter and full-year profitability as well as capital ratios. The total estimated amount of all claims, inclusive of accumulated interest, stands at about 1.3 billion euros.
During a hearing on April 26, 2024, the Higher Regional Court of Cologne assessed claims from specific former Postbank shareholders, contending that a higher offer price should have been paid in connection with Deutsche Bank's voluntary takeover offer of October 7, 2010. The court's indications during the hearing suggest potential validity in some elements of these claims, which may impact Deuts...