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.
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- The proceeds from Telekom's share sale could significantly contribute to KfW's telecommunications investments, furthering Germany's economic development.
- German Telekom's stake sale could attract interest from both domestic and international banks, looking to invest in major stock exchanges like Frankfurt.
- With the billions generated from Telekom's share sale, KfW Banking Group as a development bank could offer more loan opportunities to foster innovative ventures and technologies in Germany.
- The successful telecommunications sector in Germany, driven by organizations like German Telekom, positively impacts the country's relationship with global finance institutions and stock exchanges.
- The German government, through KfW and their ownership in German Telekom, aims to leverage the share sale profits for financial stability and increased investments in crucial aspects of the German economy.