Deutsche Bank sells 21.16% of Atradius
Following the transaction, which is valued at EUR 208m, Deutsche Bank will retain a 12.73% stake in Atradius. The closing of the transaction is subject to anti-trust and regulatory approvals and is to be expected in the first quarter 2006.
At the same time Sal. Oppenheim jr. & Cie. KGaA signed binding agreements to sell 3.86% in Atradius to Credito y Caucion and Seguros Catalana Occidente.
The sale is another step in Deutsche Bank's ongoing policy of disposing of non-core assets.
For further information, please contact:
Press and Media Relations
+49 69 910 38664 (Frankfurt)
+49 69 910 35395 (Frankfurt)
+1 212 250 7125 (New York)
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.