KfW sells massive stake in Telekom | EUROtoday

Get real time updates directly on you device, subscribe now.

According to the financial institution answerable for this transaction, the securities can be provided in a variety between 22.13 euros and the present closing value of twenty-two.64 euros. This would lead to a complete quantity of two.5 billion euros.

According to additional data, the sale will cut back the state's share in Telekom to 27.8 p.c. This signifies that the federal authorities will proceed to be the corporate's largest shareholder sooner or later.

A minimal holding interval of 90 days applies to the remaining shares, with sure exceptions. In current months, KfW has already put 22.4 million T-shares available on the market.