FRANKFURT (AFX) - Deutsche Postbank AG chief executive and member of Deutsche Post AG's management board, Wulf von Schimmelmann, has sold a large portion of the shares he owned in Deutsche Post, fuelling speculation that he may step down prematurely, reported Focus magazine without citing sources.
The magazine said that Schimmelmann sold 268,000 shares in four separate tranches with a combined value of around 5.57 mln eur.
Deutsche Post could not be reached for comment on the report. Tyler.Sitte@afxnews.com ts/ts/jlw COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited