Deutsche Post AG (DPWGn.DE)
15 Dec 2017
* SAYS PROCEEDS USED TO REFINANCE FINANCIAL LIABILITIES, TO INCREASE ASSETS FOR BRITISH PENSION OBLIGATIONS
Nov 16 Nikolaus von Bomhard, former CEO of Munich Re, will become supervisory board chairman at Deutsche Post, German monthly Manager Magazin reported, citing company sources.
BERLIN The parties in talks to form Germany's next government want to commit 20 billion euros ($23 billion) to a national broadband upgrade, paid for from 5G spectrum auctions, budget funds and the sale of state shareholdings, a joint position paper said.
* Parties want to spend 20 bln eur by 2025 on "Gigabit society"
SINGAPORE Hong Kong's Cathay Pacific Airways Ltd on Monday said it would sell eight freighters to DHL International for HK$2.199 billion ($281.89 million) and lease them back as part of a deal to gain full control of cargo airline Air Hong Kong.
SINGAPORE, Nov 13 Hong Kong's Cathay Pacific Airways Ltd on Monday said it would sell eight freighters to DHL International for HK$2.199 billion ($281.89 million) and lease them back as part of a deal to gain full control of cargo airline Air Hong Kong. Cathay owns 60 percent of Air Hong Kong, with Deutsche Post AG unit DHL International holding the remainder. However, the Hong Kong airline said in a statement its stake is expected to rise to 100 percent
FRANKFURT, Nov 9 Deutsche Post DHL is not concerned over whether the German government might sell down its stake in the postal and logistics group, its chief executive said on Thursday.
COLOGNE, Germany, Nov 8 A German appeals court said on Wednesday it had not seen evidence to suggest Deutsche Bank acted illegally in concert with another party during the lender's takeover of Postbank, as alleged by a former Postbank shareholder.
FRANKFURT/BERLIN Germany's ruling conservatives oppose selling the state's holding in Deutsche Telekom to raise billions of euros for a national broadband upgrade, preferring instead to divest stock in Deutsche Post, a senior source said.
FRANKFURT, Nov 1 The following are some of the factors that may move German stocks on Wednesday, which is a public holiday in parts of Germany: