Special tasks commissioned by the Federal Government

Important function in the privatisation of Deutsche Telekom and Deutsche Post

As part of the privatisation of Deutsche Telekom AG and Deutsche Post AG, and the special transactions mandated by the Federal Government, KfW has been buying shares from the Federal Government, and selling some of them in various capital market transactions, in several stages from 1997 onwards. KfW and the Federal Government have agreed that the privatisation of Deutsche Telekom and Deutsche Post will be continued for the long term. Where the market situation is deemed appropriate, KfW will be exploiting suitable capital market windows for further privatisation measures in close consultation with the Federal Government.

Legal notice:
The information contained in this online Annual Report 2016 is based on KfW’s Financial Report 2016, which you can download here. Should this online Annual Report 2016, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2016 takes priority.