Deutsche Post exits Bank stake
Deutsche Post has sold its entire stake in Deutsche Bank, the group said on 6 July, report Reuters.
Deutsche Post has sold its entire stake in Deutsche Bank, the group said on 6 July, report Reuters.
The announcement ends a brief period when it was one of the bank’s biggest shareholders.
Chief executive Frank Appel said in a statement that the move cleared the way for the German post office turned global logistics group to concentrate on its core business.
Deutsche Post had briefly got a stake of as much as 8% in Deutsche Bank as part of a deal to sell the German retail bank Deutsche Postbank.
The postal group said that the Deutsche Bank shares it had owned were now in the hands of a number of investors.
