STOCKS NEWS EUROPE-Postbank jumps on takeover report

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15:20GMT 19Nov2008-Postbank jumps on takeover report

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Shares in Deutsche Postbank (DPBGn.DE) rise 10 percent on Wednesday as a German magazine reports that Deutsche Bank (DPWGn.DE) is planning a complete takeover of Postbank.

German news magazine Capital quotes a high-ranking banker with Deutsche Bank as saying that "we want to take over Postbank completely as quickly as possible".

"Deutsche Bank bought about 29 percent [of Postbank] for about 57 euros a share. The report is shoring up hopes it will increase this and have to make a takeover offer to investors," one trader says.

Deutsche Bank stock slides 6.5 percent to 21.95 euros, while banks across Europe are down almost 5 percent .SX7P.

Reuters Messaging rm://john.odonnell.reuters.com@reuters.net