German Government's KfW Further Reduces Deutsche Post Stake
April 10 2013 - 1:29PM
Dow Jones News
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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