Ad hoc: Deutsche Postbank acquires BHWBonn, 10/25/2005, 11:30 AM CEST
Deutsche Postbank, majority owned by Deutsche Post World Net, acquires according to today's statutory resolutions 76.4% of the shares in BHW Holding from the current majority shareholders BGAG (Beteiligungsgesellschaft der Gewerkschaften) and BWB (Deutscher Beamtenwirtschaftsbund) and thus controls more than 90% of BHW shares. The full exemption from all risks relating to AHBR is condition to the contract. The maximum purchase price for 100% of the BHW Holding shares (ex AHBR) is set at 1.79 billion Euro. The transaction will be fully cash financed by Deutsche Postbank.
The legal transfer of BHW into Deutsche Postbank group is planned for January 1, 2006. The integration of BHW into Postbank will be managed under the lead of Prof.Dr. Wulf von Schimmelmann.
Further information on the transaction are obtainable on Postbank's website (www.postbank.com).