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The state-owned development bank KfW sold 50 million shares in Deutsche Post AG on Tuesday. The share price was €43.45 ($46.74), the bank announced late on Tuesday evening. This means that the German state will receive more than €2.1 billion gross. The Xetra closing price was €44.41. The accelerated procedure was aimed at institutional investors. The sale reduces the state’s stake to 16.5%. KfW remains the largest shareholder in Deutsche Post. The logistics and postal company has been operating under the name DHL Group since mid-2023. The placement weighed on the company’s share price. In afte…

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