{"id":25785,"date":"2024-02-08T01:38:26","date_gmt":"2024-02-07T20:08:26","guid":{"rendered":"https:\/\/farratanews.online\/state-owned-german-bank-sells-2-3b-in-dhl-group-shares\/"},"modified":"2024-02-08T01:38:26","modified_gmt":"2024-02-07T20:08:26","slug":"state-owned-german-bank-sells-2-3b-in-dhl-group-shares","status":"publish","type":"post","link":"https:\/\/farratanews.online\/state-owned-german-bank-sells-2-3b-in-dhl-group-shares\/","title":{"rendered":"State-owned German bank sells $2.3B in DHL Group shares"},"content":{"rendered":"
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Germany’s state-owned development bank has sold shares in the company that owns the national postal service for about 2.17 billion euros ($2.3 billion), reducing the government’s stake and raising money to help finance improvements to the country’s rail network.<\/p>\n
FORMER HEAD OF GERMANY’S DOMESTIC SPY AGENCY FACES SCRUTINY FOR ALLEGED EXTREMISM<\/strong><\/p>\n The KfW bank, which holds the government’s remaining stakes in previously state-held companies, said late Tuesday that it had sold 50 million shares of Deutsche Post \u2014 the name under which it still trades on the stock exchange, although the company is now known as DHL Group \u2014 at 43.45 euros each. That amounts to 4% of the company’s shares.<\/p>\n