Home » KfW sells Telekom shares value billions

KfW sells Telekom shares value billions

by admin
KfW sells Telekom shares value billions

The federal authorities is divesting itself of Telekom shares value round 2.5 billion euros. State-owned growth financial institution Kreditanstalt für Wiederaufbau (KfW) will promote 110 million Deutsche Telekom shares to institutional traders as a part of a course of to hurry up capitalization. I the financial institution introduced on Monday.


The securities will likely be supplied at a variety between 22.13 euros and the present closing worth of twenty-two.64 euros. As a results of the sale, the state’s share within the DAX group will lower to 27.8 %. The federal authorities and KfW will due to this fact stay the corporate’s largest shareholders sooner or later. A minimal holding interval of 90 days applies to remaining shares, it mentioned. But there’s an exception. In the previous few months, KfW has already offered 22.4 million Telekom shares.


On the house web page

See also  Food - water management requires a complete rethink

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy