Germany Sells €2.5 Billion Stake in Deutsche Telekom for Rail Investments
Proceeds from the sale will bolster Deutsche Bahn and expand Germany's rail infrastructure.
- Germany sold a €2.5 billion stake in Deutsche Telekom to invest in rail infrastructure.
- State-owned bank KfW's sale reduces the government's stake in Deutsche Telekom to 27.8%.
- Proceeds will support Deutsche Bahn AG and Germany's rail network expansion.
- Deutsche Telekom plans a €600 million share buyback in response to the sale.
- Finance Minister Lindner aims to balance budget constraints with economic recovery efforts.