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Deutsche Bank buys Berliner Bank

BERLIN, June 21 (UPI) -- German financial giant Deutsche Bank has bought Berliner Bank for about $860 million.

Berliner Bank, which fought the acquisition for months, has 60 branches, serving 306,000 private customers and 14,000 corporate clients, the Financial Times reported Wednesday.

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Deutsche Bank beat such rivals as Citibank, the French Societe General and Commerzbank to win Berliner Bank.

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