DPSGY Deutsche Post AG (PK)

FRANKFURT--German mailing company Deutsche Post AG (DPW.XE) Wednesday said the German government's refinancing agency KfW Bankengruppe has given up its blocking minority, cutting its stake to 24.89%.

KfW has fallen below 25% by serving conversion rights, which were attached to five year conversion bonds issued by KfW in 2009, Deutsche Post said.

In September, KfW placed a 5% stake in Deutsche Post with investors, selling 60 million shares at 15.40 euro ($20.12) a share, resulting in a remaining stake of around 25.5%.

Write to Nicky Redl at nicky.redl@dowjones.com

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