Deutsche Post has no expectation of share placement this year
Deutsche Post AG, the German postal operator, has said that it does not expect the country’s government to place any more shares in the company in the current year. The group’s current share price is less than ideal for a placement. Having fallen by 2 per cent to 16.55 euros on Friday, it made a slight gain on Monday, but is still a long way off its issue price of 21 euros, as well as its all-time high of 24.70 euros.
Deutsche Post is to begin a programme to increase the value of its business this year. Details of the package, called ‘Star’, will be released in the summer.
