Deutsche Post further reduce Deutsche Bank holding
Deutsche Post has reduced its stake in Deutsche Bank to below 3% and plans a complete exit soon, report Reuters.
Deutsche Post has reduced its stake in Deutsche Bank to below 3% and plans a complete exit soon, report Reuters.
“We want to cut our stake in Deutsche Bank to zero in the weeks ahead,” a Deutsche Post spokeswoman said on 15 June after Germany’s largest lender revealed Post’s voting stake had fallen to 2.82 % from nearly 5% in mid-May.
Deutsche Post briefly got a stake of as much as 8% in Deutsche Bank this year as part of a capital increase that accompanied Deutsche Bank’s partial purchase of Post unit Deutsche Postbank.
It has now been winding down its holding, as planned, to focus on its core mail and logistics business.
The Deutsche Post spokeswoman declined to say who bought the Deutsche Bank shares it sold.
