Deutsche Post AG: Zumwinkel welcomes further step towards privatizationBonn, 12/10/2003, 10:30 AM CET
The Chairman of the Board of Management of Deutsche Post World Net, Dr. Klaus Zumwinkel, has made the following statement concerning the announcement by the Kreditanstalt für Wiederaufbau, KfW, (Reconstruction Loan Corporation) that it intends to sell around EUR 2 billion worth of Deutsche Post AG stock:
"We have been informed by the KfW that it intends placing Deutsche Post World Net stock on the market today, Wednesday. At the same time, the KfW intends to issue a convertible bond based on Deutsche Post stock from its portfolio.
We have already stressed in the past that Deutsche Post AG welcomes a continuation of privatization. Today's transaction will significantly increase the spread of shareholdings. This will enable us to broaden our shareholder base and increase the liquidity of the stock."