Federal financial institution dedicated to promoting economic growth - KfW eyes billions in proceeds from Telekom's share sale
The impending sale could result in the federal government's stake in Telekom decreasing both directly and indirectly to 27.8%. "KfW and the federal government remain the largest owners of Deutsche Telekom AG," the statement noted. The KfW had already sold off 22.4 million shares in the second quarter to investors.
By the final quarter of 2023, the federal government, along with the KfW, continued to control around 30% of the company. During this time, Softbank Group from Japan still owned 4.5% of the Telekom based in Bonn.
