Factbox: German government holdings in companies

CureVac NV

14/12/2023 09:35

FRANKFURT, Dec 14 (Reuters) - Germany will upgrade state
railway firm Deutsche Bahn  DBN.UL  partly with funds raised
from the privatisation of stakes in companies the government
does not need, Finance Minister Christian Lindner said on
Wednesday.
    The announcement was part of a long-awaited agreement over
Germany's 2024 budget.
    Lindner did not name any companies in which the government
could sell or cut its stake. Below are some of the biggest
government holdings, including those in listed firms currently
worth more than 90 billion euros ($98 billion).
    
    LISTED COMPANIES
    - a 30.4% stake in Deutsche Telekom  DTEGn.DE  that is split
into 13.8% held by the government and 16.6% held by state lender
KfW  KFW.UL . That stake is currently worth 33.9 billion euros.
    - a 20.49% stake in DHL Group  DPWGn.DE  held via KfW.
Current value: 11.6 billion euros.
    - a 99.12% stake in Uniper  UN01.DE  after the government
bailed out the utility last year in the wake of Europe's energy
crisis. The stake is being overseen by the Finance Ministry.
Current value: 32.6 billion euros.
    - a 15% stake in lender Commerzbank  CBKG.DE , a legacy
holding initially accumulated during the financial crisis.
Current value: 2 billion euros.
    - a 25.1% stake in defence firm Hensoldt  HAGG.DE . Current
value of the blocking minority: 695 million euros.
    - a 10.8% stake in Airbus  AIR.PA . Current value: 12.1
billion euros.
    - a 15.97% stake in Curevac  CVAC.O . Current value: $188
million.
    
    UNLISTED COMPANIES
    - 100% ownership of commodity firm Sefe, formerly Gazprom
Germania, put under control during Europe's energy crisis. The
holding is overseen by the Economy Ministry.
    - 100% ownership of Deutsche Bahn. 
    - a 20% stake in 50Hertz, the German division of Belgian
power grid operator Elia  ELI.BR , via KfW.
    - a 24.95% stake in TransnetBW, the power grid division of
German utility EnBW  EBKG.DE , also via KfW.

($1 = 0.9179 euros)

 (Reporting by Christoph Steitz; Editing by Susan Fenton)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))