Deutsche Bank separates from Postbank Systems AG and sells the company to its IT cooperation partner Tata Consultancy Services. “This means that Postbank Systems and its 1,500 employees will become part of TCS. The sale is an important step in the strategic transformation of Deutsche Bank, ”reported the DAX-listed company on Monday. Deutsche Bank does not provide financial details of the agreements with Tata Consultancy Services.
“The sale is a further step in the restructuring of Deutsche Bank and is in line with the previously communicated financial planning. It means that expected charges from the transformation of around 120 million euros, which are part of the strategy announced in July 2019, can be booked earlier than planned, ”continues Deutsche Bank. The company expects to be able to complete the sale in the current year.
At a glance – chart and news: Deutsche Bank