DSGV: Not Seeking Merger Between DekaBank, Landesbank Berlin

BERLIN (Dow Jones)--A spokesman for German public sector savings banksassociation DSGV Sunday rejected a report saying that it's considering a mergerbetween DekaBank Deutsche Girozentrale and state-owned Landesbank Berlin .

Weekly magazine Der Spiegel had reported, without disclosing sources, thatDSGV President Heinrich Haasis is pursuing such a plan.

"This is nonsense," DSGV spokesman Christian Achilles told Dow JonesNewswires, adding that such a rumor has been floated repeatedly, but remainsfalse. He also rejected a claim by Der Spiegel that the association seeks topartly include state-owned WestLB into such a link up.

DekaBank is the DSGV's central asset manager.

Web site: http://www.dsgv.de

Magazine Web site: http://www.spiegel.de

-By Andrea Thomas, Dow Jones Newswires; 49-30-2888-410; andrea.thomas@dowjones.com.

(END) Dow Jones Newswires 03-02-08 1009ET Copyright (c) 2008 Dow Jones & Company, Inc.