Deutsche Post Chief Financial Officer Edgar Ernst said on Thursday he did not see the current market environment as good for a second flotation of shares and did not have any potential acquisition targets.
Read MoreGermany’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.
Read MoreThe German government yesterday reiterated that it was justified in exempting Deutsche Post, the postal group, from raising sales taxes on certain core services. Deutsche Post’s tax payments have become a major source of irritation for investors since Germany’s federal audit office in January reproached the government for granting Deutsche Post an unfair competitive advantage by exempting it from sales tax.
Read MoreGerman government sources said on Monday that an exemption from sales tax for certain services provided by German postal and logistics group Deutsche Post AG was justified.
Read MoreDeutsche Post AG has rejected a tabloid newspaper report that the company could face an extra EUR1 billion or more in taxes as a result of a sales tax. exemption it was granted.
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