HONG KONG Feb 13 Dalian Wanda Group, owned by
China's richest man Wang Jianlin, denied on Monday that it was
in touch with Germany's Deutsche Postbank on
The Financial Times reported earlier in the day that Wanda
now has set its sights on banks in Europe, including Germany's
Postbank, citing two people familiar with the matter, as it
diversifies away from its core real estate business.
The report added that the company's hunt for financial
assets was at an early stage, but they have not officially
Wanda later issued a statement saying the report about it
acquiring Postbank is inaccurate, and "Wanda and Deutsche
Postbank have not been in touch".
Deutsche Bank, which bought Postbank in several steps from
2008 onwards for 6 billion euros ($6.5 billion), had earmarked
the unit for sale in a bid to shrink its balance sheet.
(Reporting by Clare Jim; Editing by Sherry Jacob-Phillips)