The price of share in Deutsche Post will be 21 euros (17.85 dollars) when it floats nearly 25 percent of its shares early next week, the German agency reported Saturday, quoting well-informed sources.
No spokesman of Deutsche Post was available to confirm or deny the report. An official statement was expected late Saturday or early Sunday.
Earlier reports had put the expected share price for the German post office at between 18 and 23 euros.
The partial privatization on Monday will be one of the biggest new listings on European stock markets this year.
Previous media reports said investors had applied for nearly four times as many shares as were on offer before the subscription period had even ended.
The post office plans to list nearly 25 percent of its share capital, or 278.2 million shares. An additional 41.3 million shares might be issued in a so-called "greenshoe" option if demand is strong enough --DUSSELDORF (AFP)
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