Lindner apparently wants to use postal shares for share pensions

According to a media report, Federal Finance Minister Christian Lindner (FDP) wants to transfer federal shares in Deutsche Post to the special fund in order to build up a capital stock for the planned share pension. The digital media service "Table Media" reported on Monday according to the preliminary report. The finance department rejected this and referred to outstanding decisions on the structure of the planned fund.

A spokeswoman for the Federal Ministry of Finance called the report a "baseless speculation" at this point in time. A draft law is not yet available. It is also not yet clear whether contributions in kind are even possible with the planned “generational capital”; therefore there are no decisions about specific investments.

The targeted starting sum for the capital stock already announced by Lindner called "Generational Capital" is ten billion euros. The federal government holds a good 20 percent of the shares in Deutsche Post via the Kreditanstalt für Wiederaufbau (KfW). According to the current market value, this also corresponds to around ten billion euros, it said.

However, Deutsche Post fears that the management of the planned "generational capital" could come under selling pressure from such a large block of Post shares in order to avoid a concentration of risk. If it were actually sold, the stock as a whole could come under pressure.

Other company holdings are unlikely to be suitable for such a maneuver, the report says, citing company and ministry circles. Deutsche Telekom is considered part of the critical infrastructure, Commerzbank would currently yield too little.

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