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Wanda denies plans to acquire Germany’s Postbank

February 15, 2017


Abstract : Chinese conglomerate Wanda Group denied media reports that it was planning to acquire Germany’s Deutsche Postbank.

BEIJING, Feb. 15 (Xinhua)-- Chinese conglomerate Wanda Group denied media reports that it was planning to acquire Germany’s Deutsche Postbank.

Wanda said in a statement on Monday that it had not been in contract with Deutsche Postbank.

Foreign media reported on Monday morning that Wanda was actively looking to acquire some European financial institutions, which includes Deutsche Postbank.

But there were also reports said that Wanda's hunt for financial assets was at an early stage and it has had no official contact with Deutsche Postbank.

Enditem (Edited by Yang Yifan, yangyifan@xinhua.org)

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Keyword: Wanda Deutsche-Postbank

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