Deutsche Post to sell part of India blue express company

Deutsche Post expressed a few days ago, reduce its in India blue express company 's ownership of the India stock exchange, to comply with new regulations. At the same time, based on the cost reasons, the company proxy ratings agency Standard & Poor's adjustment by Fitch Rating firm.
Deutsche Post previously held by the India blue express company the share of 81%, according to the India stock exchange rules, the shareholding ratio dropped to 75%. In late November in Mumbai stock exchange and 1720 rupees per share price to sell.
Deutsche Post to stock exchange filing declared, in the sale of shares, about 1/4 were mutual funds and insurance companies to buy. There is no single bid unit can receive more than the sale of shares of the 25%.
Prior to this, India amended the foreign ownership law. In this regard, the German postal adjustments. The German postal years holding blue courier company the share of 81%, but in 2012 September announced the stake to 75%, rather than the acquisition of 100% stake in. Deutsche Post stress, reduce the shares is to comply with the stock exchange rules, will not affect the company and the blue express relations of cooperation.
Deutsche Post also recently announced, for commercial reasons, ending with the standard & Poor's long-term rating agreement, cooperation agencies to Fitch Rating firm.
The standard Poole at the end of 8 to the German postal rating of BBB+, maintain the stability of the prospect. Fitch recently to the German post ratings for BBB+. Moodie of Deutsche Post 's current rating of Baa1, embody the " positive " outlook.
MYEX Fujian Asia International Express
2012-12-28