KfW buys 12.7 pct Deutsche Post stake from German govt for 1.7 bln eur
The KfW Bankengruppe said it bought a 12.7 pct stake in Deutsche Post World Net AG from the government for 1.7 bln eur.
Last Monday, the Frankfurter Allgemeine Zeitung reported that the government would transfer approximately a 12 pct stake in Deutsche Post KfW to KfW for 1.7 bln eur.
KfW later confirmed it would receive a 12 pct stake, but did not disclose how much it would pay.
The deal increases KfW’s stake in Deutsche Post to about 48.8 pct from 36.5 pct, it added.
