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State sells 50 million shares in Deutsche Post - value: 2.2 billion euros
The state-owned KfW is selling 50 million shares in Deutsche Post. The share package is worth around 2.2 billion euros. However, the federal government remains the largest shareholder in the logistics group. According to a report by www.tagesschau.de, the decision of the state-owned KfW to sell 50 million shares of Deutsche Post has an impact not only on the company itself, but also on the entire market and the financial industry. Based on the current closing price in electronic Xetra trading of 44.40 euros, the shares are worth around 2.2 billion euros. As a result of the sale, the state bank's share in Deutsche Post AG will fall from 20.5 percent to...
State sells 50 million shares in Deutsche Post - value: 2.2 billion euros
The state-owned KfW is selling 50 million shares in Deutsche Post. The share package is worth around 2.2 billion euros. However, the federal government remains the largest shareholder in the logistics group.According to a report by www.tagesschau.de,
The decision by the state-owned KfW to sell 50 million shares in Deutsche Post not only has an impact on the company itself, but also on the entire market and the financial sector. Based on the current closing price in electronic Xetra trading of 44.40 euros, the shares are worth around 2.2 billion euros. As a result of the sale, the state bank's share in Deutsche Post AG will fall from 20.5 percent to 16.5 percent. Although KfW still remains the largest shareholder following the sale, the reduced stake is still significant and is expected to impact the company's market value.
Deutsche Post shares fell to around 43 euros in late trading after the sale was announced. This decline reflects the increased supply from the sale of the 50 million shares. In addition, Federal Finance Minister Christian Lindner (FDP) announced that he would also sell federal holdings for the necessary restructuring of Deutsche Bahn. Further proceeds from the sale of shares in companies such as Deutsche Telekom should also be used. In total, it involves state investments worth around 40 billion euros.
Not only the impact on Deutsche Post, but also the planned sale of company investments worth up to four billion euros this year show that the federal government is planning significant changes in its investment portfolio. These plans have potentially noticeable effects on the market and the financial industry.
The decision to sell federal holdings is a long-term strategy that will influence the regulation of the federal government's financial resources and its investment priorities. It is expected that such measures will lead to further price changes on the stock exchanges in the future and influence the dynamics of the financial industry.
Read the source article at www.tagesschau.de