D Post climbs out of pensions hole with €2bn deal
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Equity

D Post climbs out of pensions hole with €2bn deal

Deutsche Post DHL on Tuesday set about tackling a €5.5bn deficit in its German defined benefit pension fund, raising €2bn from equity-linked and straight debt investors in a deal that bankers say could be used by other European corporates as new accounting rules are implemented, writes Nick Jacob.

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