China’s largest property developer Dalian Wanda Group has set its sights on banks in Europe, including Germany’s Postbank, as it diversifies away from its core real estate business, according to the Financial Times. The Beijing-based group led by China’s richest man is actively looking at several European financial institutions, three people familiar with the matter said. Postbank, which has been put up for sale by Deutsche Bank, was among the institutions on Wanda’s list. The company’s hunt for financial assets was at an early stage and so far there has been no official approach to Deutsche, said the people. But the interest in Postbank will be a boon to Deutsche, which has hit hurdles in its attempts to offload the German retail unit. One person familiar with the matter said Deutsche was seeking Euro 6bn for the unit
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