Deutsche Bank today announced it has concluded the transaction to acquire the remaining 60% of United Financial Group (UFG). This transaction strengthens Deutsche Bank’s position as one of the leading investment banks in Russia. As a result, the bank has a first-class platform in both M&A advisory services and the equity, bond and derivatives markets. Legally binding contracts for the purchase of the remaining 60% of UFG were signed on 5 December 2005.
Charles Ryan, formerly Chairman and CEO of UFG, is Chief Country Officer and CEO of Deutsche Bank in Russia with immediate effect. Alexis Rodzianko, who previously held this position, will remain with Deutsche Bank until the middle of 2006 to ensure a successful transition.
This Release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations. Any statement in this Release that states our intentions, beliefs, expectations or predictions (and the assumptions underlying them) is a forward-looking statement. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include: the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues; potential defaults of borrowers or trading counterparties; the implementation of our management agenda; the reliability of our risk management policies, procedures and methods; and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 24 March 2005 in the section "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.