KfW says Deutsche Post placement was 110 mln shares at 18.90 eur
Kreditanstalt fuer Wiederaufbau (KfW) said a previously announced placement of Deutsche Post AG stock comprised 110 mln shares at 18.90 eur each.
The value of the placement was 2.079 bln eur, excluding a greenshoe option of up to 15 pct which can be exercised until July 14, the state-owned development bank said in a statement issued overnight.
Dealers had yesterday put the bookbuilding range for the transaction at 18.80-19.20 eur.
The placement increases the free float of Deutsche Post shares to about 53.2 pct from 44 pct.
