/top_stories/article/31625
/top_stories/article/31625

/top_stories/article/31625


From: Reuters
Published February 22, 2008 10:03 AM

Postbank rises on talk of RBS bid interest: traders

/top_stories/article/31625

LONDON/FRANKFURT (Reuters) - Shares in Germany's Deutsche Postbank <DPBGn.DE> rose 2 percent in late afternoon trade on Friday on market talk of bid interest from Royal Bank of Scotland (RBS) <RBS.L>, traders said.

"We're hearing RBS for Deutsche Postbank at the 90 euro per share level," said one trader in London.

Deutsche Postbank was not immediately available for comment.

At 9:53 a.m. EST, Deutsche Postbank shares were 1.6 percent higher at 64.54 euros, the third-biggest gainers on Frankfurt's DAX <.GDAXI>, which was down 1 percent.

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RBS was up 2.5 percent.

(Reporting by Sitaraman Shankar, Patricia Nann, Andrea Lentz and Jonathan Gould)

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