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Business weekly Wirschaftswoche cited sources close to Germany's Finance Ministry as observation that Deutsche Post, which owns a peril of 50 percent plus some share in Postbank, expected offers valuing the lender at additional than 10 billion euros ($15.70 billion), but has received non-binding offers only of between 8 and 9 billion euros.

"For Post, that is too weak," the magazine quoted an insider as saw.

Post's supervisory board is fixed on attaining a valuation in the double-digit billions of euros, the receptacle said.

A Finance Ministry spokesman declined to comment and Deutsche Post was not immediately useful.

The German government indirectly holds a 30 percent stake in Deutsche Post, giving it a say in the Postbank sale.

Finance Minister Peer Steinbrueck said in a newspaper interview earlier this week that he wants to find a merger partner for Postbank this year and prefers a German discontinuance, though not at any price.

Deutsche Bank, Commerzbank and Allianz bring forth flagged interest in Postbank, whose closely 15 million-strong customer base makes it a major prize amid moves toward a broad combination among Germany's commercial banks.

Deutsche Post is also talking to foreign banks, including Spain's Santander, the UK's Lloyds TSB and Dutch bank ING, sources social with the good sense told Reuters last week.

(Reporting by Jonathan Gould, Editing by Peter Blackburn)


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