Deutsche Post World Net AG, Bonn, will take 1 billion euros ($1.2 billion) of the Postbank's 2.6 billion euro IPO to reduce Deutsche Post's pension liabilities, said Silje Skogstad, spokeswoman. The company hasn't decided if it will transfer the money to the existing pension fund, Deutsche Post Pensioenfonds GmbH, or if it will create a new one, Ms. Skogstad added.
Deutsche Post Pensioenfonds has 2.8 billion euros in assets and 6 billion euros in liabilities, she said.
