German state bank KfW Group completed the sale of 60 million shares, representing 5% of the capital of Deutsche Post. This is mentioned in the press release financial institution. The securities were sold at a price of 15.4 euros per share. Thus, the total amount of the transaction amounted to 924 million euros, or 1.17 billion U.S. dollars.
After placement of the free float of shares Deutsche Post share will increase from 69.5% to 74.5%. At the same time, the largest shareholder of the organization will remain the KfW Group with a share of 25.5%.
As pointed out by Bloomberg, the State Bank in the financial markets successfully used the situation as now Deutsche Post shares traded at the highest level since the end of 2008. The proceeds from the sale of KfW Group, will direct the purchase of 7.5% of Defence & Space Co, European Aeronautic. the concern Daimler - the current holder.
Deutsche Post, which included also in courier DHL, one of the largest postal service in the world. It offers its services in two hundred countries around the world and among the top 10 global employers. In the state of Deutsche Post has about 470,000 people. This organization - is the successor to Deutsche Bundespost, which in 1995 was privatized.