Deutsche Post sells parts to KfW - Ministry of Finance plans income for Deutsche Bahn.
The Federal Ministry of Finance has announced that the state development bank KfW has sold 50 million shares in DHL Group (formerly Deutsche Post) at a price of 43.45 euros each, resulting in proceeds of two billion euros for the state. This placement has weighed on the company's share price, with shares falling 5.21 percent. With this partial sale, the state share falls to 16.5 percent, while KfW remains the post office's largest individual shareholder. According to a report from www.finanzen.net, the Federal Ministry of Finance has announced that the proceeds from the placement of the shares will benefit Deutsche Bahn...

Deutsche Post sells parts to KfW - Ministry of Finance plans income for Deutsche Bahn.
The Federal Ministry of Finance has announced that the state development bank KfW has sold 50 million shares in DHL Group (formerly Deutsche Post) at a price of 43.45 euros each, resulting in proceeds of two billion euros for the state. This placement has weighed on the company's share price, with shares falling 5.21 percent. With this partial sale, the state share falls to 16.5 percent, while KfW remains the post office's largest individual shareholder.
According to a report from www.finanzen.net, the Federal Ministry of Finance has announced that the proceeds from the placement of shares will benefit Deutsche Bahn in order to strengthen the railway's equity capital and expand the railway infrastructure in Germany in a future-oriented manner.
The placement weighed on the DHL Group (ex Deutsche Post) share price, with closing prices falling by 5.21 percent. This could have a short-term negative impact on the market. However, there is still interest from institutional investors as the placement is aimed at them.
It is likely that the German government plans further sales of shares in companies such as Deutsche Post and Deutsche Telekom in the future in order to obtain additional funds, especially in the context of the planned modernization of the German rail network. In the long term, this could lead to a change in the ownership structure and thus the market for these companies. It is also conceivable that further sales of company shares could have a negative impact on the share price in the short term.
Deutsche Post is also under pressure due to complaints about late and lost letters and packages. The supervisory authority plans to be able to impose fines and penalty payments on the group in the future for quality defects. This could put additional pressure on the company and its share price.
Overall, there are various factors that could influence the future development of the DHL Group (ex Deutsche Post) share price and also the financial sector market.
Read the source article at www.finanzen.net