SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 4: Information on the Company 19
— In October 2010, we made a voluntary public takeover offer (“PTO”) to the shareholders of Deutsche Postbank
AG (“Postbank”) at € 25.00 per share. The offer was accepted for a total of 48.2 million shares, allowing
Deutsche Bank to increase its participation in Postbank from 29.95 % to 51.98 % for a total consideration
of € 1.2 billion. Following the successful completion of the takeover offer, Postbank became a consolidated
subsidiary in the fourth quarter of 2010.
— In November 2010, we completed the restructuring of loans we had to the Icelandic generic pharmaceutical
group Actavis Group hF. (“Actavis”). The restructuring resulted in Deutsche Bank continuing to provide both
senior and subordinated debt financing to Actavis as well as a new Payment in Kind (“PIK”) financing arrangement.
— In the course of 2010 the liquidity facility for Deutsche Pfandbriefbank AG (formerly Hypo Real Estate Bank
AG) of € 9.2 billion, in which we participated in December 2009, was fully repaid. The last repayment was
made in December 2010, at which point we participated in a new liquidity facility for FMS Wertmanagement
Anstalt des öffentlichen Rechts, the winding-up agency of the Hypo Real Estate Group, by subscribing to
€ 7.5 billion of ECB-eligible notes.
Since January 1, 2010, there have been no public takeover offers by third parties with respect to our shares. As
described above, in 2010, we made a public takeover offer for the shares of Postbank.
In October 2010, we completed a capital increase from authorized capital against cash contributions. Net
proceeds from the issue amounted to € 10.1 billion (after expenses of € 0.1 billion, net of tax). The capital
increase was primarily intended to cover capital consumption from the Postbank consolidation, and also to
support our existing capital base.
Business Overview
Our Organization
Headquartered in Frankfurt am Main, Germany, we are the largest bank in Germany and one of the largest financial
institutions in Europe and the world, as measured by total assets of € 1,906 billion as of December 31, 2010.
As of that date, we employed 102,062 people on a full-time equivalent basis and operated in 74 countries out of
3,083 branches worldwide, of which 68 % were in Germany. We offer a wide variety of investment, financial and
related products and services to private individuals, corporate entities and institutional clients around the world.
We are organized into three group divisions, two of which are further sub-divided into corporate divisions. As of
December 31, 2010, our group divisions were:
— The Corporate & Investment Bank (CIB), comprising two corporate divisions:
— Corporate Banking & Securities (CB&S)
— Global Transaction Banking (GTB)
— Private Clients and Asset Management (PCAM), comprising two corporate divisions:
— Asset and Wealth Management (AWM)
— Private & Business Clients (PBC)
— Corporate Investments (CI)
These divisions are supported by infrastructure functions. In addition, we have a regional management function
that covers regional responsibilities worldwide.