DPWN Share Offer Possible in 2002

Germany’s finance ministry has not ruled out a further offering of shares in postal operator Deutsche Post AG in 2002, according to a reply given on Tuesday to a parliamentary written question. ‘Further steps to privatise Deutsche Post AG will be taken in the context of the 1994 post reform when conditions on capital markets allow,’ the finance ministry wrote in response to a question from the opposition about whether a further placing in 2002 was possible. Legislation adopted last year allows the government to cut its stake in Deutsche Post below 50 percent from its current 69 percent, part of which is held by public bank Kreditanstalt fuer Wiederaufbau.