Germany's state-owned development bank, KfW, has made a significant move by selling shares in the company that owns the national postal service, Deutsche Post, for approximately 2.17 billion euros ($2.3 billion). This strategic decision not only reduces the government's stake in the company but also raises funds to support improvements in the country's rail network.
The sale involved KfW offloading 50 million shares of Deutsche Post, which still trades on the stock exchange under that name, even though the company is now known as DHL Group. The shares were sold at a price of 43.45 euros each, making up around 4% of the company's total shares.
