FRANKFURT (Reuters) - German trade union Verdi on Friday said that Deutsche Bank (>> Deutsche Bank AG) management has chosen to split off its Postbank (>> Deutsche Postbank AG) division via the stock market.
"The management board of Deutsche Bank chose the model where Postbank will be split off through a stock market flotation," Verdi said in a statement following an official Deutsche announcement about its new strategy.
(Reporting by Thomas Atkins; Editing by Maria Sheahan)