KfW to sell more shares in Deutsche Post

Kreditanstalt fur Wiederaufbau (KfW), the German state development bank, is expected to sell a stake that it holds in German postal service operator Deutsche Post on behalf of the state in June. It is thought that the bank wishes to take advantage of the favourable share price.

Provided that the German government agrees, the bank can sell the shares after May 28, six months after the last time that a stake held by the state in Deutsche Post was sold. Analysts believe that it would be advisable to sell the shares as soon as possible this year, as the share price is attractive, having increased in value by 11.8 per cent this year. However, it is thought to be unlikely that the bank will sell shares in German telecoms company Deutsche Telekom, as the development of shares in this company has been poor this year.

Abstracted from Handelsblatt