FRANKFURT (dpa-AFX) – The federally owned banking group KfW began selling 50 million Deutsche Post AG shares from its portfolio on Tuesday. The placement in an accelerated procedure is aimed at institutional investors, said KfW in Frankfurt am Main. After the sale, KfW’s share will have fallen from 20.5 percent to 16.5 percent. The company’s free float will increase accordingly. The logistics and postal company group has been operating under the name DHL Group (DHL Group (ex Deutsche Post)) since mid-2023.
The placement weighed on the company’s share price. In after-hours trading on Tradegate, the shares recently lost 1.6 percent to 43.70 euros compared to the Xetra closing price. At its lowest point of the day, the price even fell by 3.2 percent./brd/DP/bek/he
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