Tag: Germany

Deutsche Post may buy back shares to boost price

Deutsche Post World Net, the parent of DHL, plans to raise dividends and may buy back stock to boost its share price. The announcement by chief executive Klaus Zumwinkel pushed shares of Europe’s biggest postal service to their largest increase in three years. Deutsche Post intends to increase the payout ratio from the current 37.4 percent of net income as earnings rise, Zumwinkel told shareholders at the company’s annual meeting Wednesday in Cologne.

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Deutsche Post to appoint Juergen Weber supervisory board chairman

Deutsche Post AG’s current supervisory board chairman Josef Hattig announced at today’s AGM that he will be succeeded by Juergen Weber. The German mail carrier’s supervisory board will vote on the matter immediately after the conclusion of the AGM. Weber previously served as the chief executive of Deutsche Lufthansa AG.

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