Postbank rises on talk of RBS bid interest: traders
Fri Feb 22, 2008 10:03am EST
LONDON/FRANKFURT (Reuters) - Shares in Germany's Deutsche Postbank (DPBGn.DE: Quote, Profile, Research) rose 2 percent in late afternoon trade on Friday on market talk of bid interest from Royal Bank of Scotland (RBS) (RBS.L: Quote, Profile, Research), 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.
RBS was up 2.5 percent.
(Reporting by Sitaraman Shankar, Patricia Nann, Andrea Lentz and Jonathan Gould)
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