FRANKFURT AM MAIN, 20 October 2009 - Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it has signed a heads of agreement with the Dutch Ministry of Finance to acquire parts of ABN AMRO’s commercial banking activities in the Netherlands.
The assets to be acquired remain the same as those in the original agreement announced on July 2, 2008. Negotiations continue on final terms and conditions.
Deutsche Bank continues to believe this combination would create a powerful platform for clients and employees. Already a leading corporate and investment bank in the Netherlands, it would become the fourth-largest provider of corporate and investment banking services in the country upon completion of the transaction, complementing its strong global position.
The transaction is subject to agreement by ABN AMRO and several authorisations of the Deutsche Bank Supervisory Board, De Nederlandsche Bank, the approval by the EC and other regulatory bodies.
This release also contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. 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 strategic initiatives, 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 2009 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.