Germany Sells Shares in Postal Co. for $2.3B to Aid Railway

Germany’s State-Owned Development Bank Sells Shares in National Postal Service for $2.3 Billion

Germany’s state-owned development bank, KfW, has sold approximately 2.17 billion euros ($2.3 billion) worth of shares in the company that owns the national postal service. This move aims to reduce the government’s stake in the postal service and raise funds for improving the country’s rail network.