The Deutsche Post share price rose strongly at the end of last week following market speculationthat the feared hedge fund TCI was considering a bid for a 25% stake in the world’s largest postal,
express and logistics group.The share price closed at EUR 25.65 on Friday, up 5.3%. A market trader said: “Apparently TCIwant to pay EUR 30.35 for a 25% holding.” There had already been similar rumours in previous days.But other financial sources played down the rumours. Deutsche Post declined to comment.
The state-owned bank KfW plans to sell off its remaining 30% holding in the postal group.Deutsche Post chairman Klaus Zumwinkel has in the past said that investors, including financialinvestors, are welcome in order to bring new capital into the company.
TCI is a UK-based investment fund whose manager Chris Hohn takes a very active interest inhis investments. He already stopped the plans of the German stock exchange to merge with the Londonstock exchange, and has forced several top executives to resign at various companies.
