GERMANY - The German government is set to be the short-term beneficiary this year of plans to securitise Deutsche Post and Deutsche Telekom's liabilities to the Post-Pensionskasse, the scheme that covers ex-employees of the two part-privatised companies, together with those of Post Bank.
Under the terms of Post’s and Telekom’s privatisation agreements, two thirds of pension liabilities are covered by the state and one third by the companies. Last year the companies paid in e809m an...
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