Online option available for Deutsche Post offer

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The Independent Online

Shares in Deutsche Post, Europe's biggest post office, are to go on sale to UK investors on Monday. This will be the first opportunity for UK retail investors to subscribe to a pan-European privatisation issue on the same footing as continental European investors.

Shares in Deutsche Post, Europe's biggest post office, are to go on sale to UK investors on Monday. This will be the first opportunity for UK retail investors to subscribe to a pan-European privatisation issue on the same footing as continental European investors.

Deutsche Post, which also owns DHL and Securicor Omega, the parcel delivery firms, will be valued at about 13bn euros (£7.5bn).

Under the terms of the offering, which will be outlined in London today, UK investors who wish to subscribe online will be able to do so completely electronically after a deal was struck between HSBC, which is leading the UK tranche, and EPO.com, the online retail investment bank.

The shares will be priced for British investors in sterling as well as euros. As the shares will be settled within Crest, the UK settlement system, settlement costs, which account for the bulk of transaction costs, will be in line with those of UK stocks.

Retail investors will have to register before 10 November to benefit from a range of incentives, including a price discount and loyalty bonus for long-term holders of the stock.

The privatisation is being structured in the UK as an intermediaries issue, meaning that stock will be available through retail brokers.

The stock is being offered to retail investors in seven countries. The offering is being coordinated by UBS Warburg, the investment bank.

The German government is selling about half of Deutsche Post at a price of between 20 and 24 euros.

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