KfW's 41.6 pct stake in Deutsche Post attracts investor interest
German state-owned development bank Kreditanstalt fuer Wiederaufbau (KfW)’s 41.6 pct stake in Deutsche Post World Net AG has attracted the interest of private equity and hedge funds, the Frankfurter Allgemeine Zeitung reported, citing financial sources.
UK-based CVC is said to be among the interested parties. It already holds minority stakes in Danish and Belgian postal services, it said.
CVC’s head of Germany, Steven Koltes would not comment other than to say that ‘we are very interested in European post companies’.
Other companies named ‘in the market’ as interested in the Post-stake, are KKR, Blackstone and Permira, according to the FAZ.
However, there are no concrete talks ongoing with KfW.
‘Whoever is spreading these rumours is one step ahead,’ a financial investor who declined to be named said.
After KfW bought the stake from the German government last year, it had to agree to a lock-up period, which ended on May 15.
