By Adria CalatayudDeutsche Post shares fell after German state-owned development bank KfW completed a sale of shares in the company valued at 2.17 billion euros ($2.34 billion). At 0830 GMT on Wednesday, Deutsche Post shares traded 4.1% lower at EUR42.69, but remained up nearly 15% over the last three months. KfW said Tuesday it would start selling 50 million shares in Deutsche Post, reducing its stake in the German logistics major to 16.5% from 20.5%. Deutsche Post shares fell after German state-owned development bank KfW completed a sale of shares in the company for about 2.17 billion euros ($2.34 billion). "Deutsche Post Shares Fall After Germany's KfW Launches $2.4 Bln Stake Sale," at 0834 GMT on Wednesday, misstated the status and the value of the sale in the headline and first sentence

Source: Wall Street Journal February 08, 2024 12:11 UTC