Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) confirmed talks on a strategic partnership with Sal. Oppenheim jr. & Cie. S.C.A.. In this respect, Deutsche Bank has made a non-binding offer for a capital stake in Sal. Oppenheim. Sal. Oppenheim will allow Deutsche Bank to conduct due diligence.
The strategic partnership is intended to give Sal. Oppenheim's customers access to Deutsche Bank's global network and strengthen Deutsche Bank's position in business with affluent private clients especially in Germany.
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise as well as mutually reinforcing businesses. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78.896 employees in 72 countries, Deutsche Bank offers a comprehensive range of services worldwide. The bank’s goal is to be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.
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 .