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KfW Bank aims to make bank through Telekom's share sale.

KfW plans to offload 110 million shares in Deutsche Telekom, maintaining its status as the company's largest shareholders alongside the federal government.

KfW wants to sell 110 million Telekom shares to institutional investors.
KfW wants to sell 110 million Telekom shares to institutional investors.

Funding or Financial Matters - KfW Bank aims to make bank through Telekom's share sale.

The KfW bank, a state-owned entity, intends to offload additional Telekom shares and make a billion euros in the process. This was disclosed following the closure of the Frankfurt stock exchange. According to their announcement, 110 million shares of the DAX company will be sold to institutional investors, which, based on the Xetra closing price, is equivalent to almost 2.5 billion euros. Telekom's shares on the Tradegate trading platform dropped slightly after trading hours.

Through this proposed sale, the government's stake in Telekom – both directly and indirectly via KfW – will decrease to 27.8%. "The KfW and the federal government will remain the largest shareholders of Deutsche Telekom AG," the statement added. In the second quarter, KfW had already sold off 22.4 million shares.

As of the end of 2023, the federal government, together with KfW, had approximately 30% of the Telekom shares. Softbank of Japan held a stake of 4.5% at that time.

Read also:

  1. The KfW Banking Group, known for its role in development bank operations, is looking to generate billions from the sale of Telekom shares.
  2. German Telekom's shares and their financial value are of interest to various stock exchanges, including Frankfurt.
  3. The KfW Bank, involved in Germany's finances, aims to reduce its stake in Telekom, one of the country's prominent telecommunications companies.
  4. Banks, including KfW, play a crucial role in the country's reconstruction efforts, with billions allocated to various projects.
  5. The sale of Telekom shares by KfW could significantly impact the company's stock price on both the Xetra and Tradegate trading platforms.
  6. With billions invested in Telekom shares by both the federal government and KfW, Germany's influence in the global telecommunications sector remains strong.

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