Since mid-January, Federal Finance Minister Lindner has been campaigning more and more for stock rents, which his ministry now calls "generational capital". While many details are still unclear, it is becoming clear which company investments are suitable.
According to a media report, Federal Minister of Finance Christian Lindner 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. This is reported by the digital media service "Table Media" according to the preliminary report. The target starting sum for the capital stock already announced by Lindner called "Generation 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 through such a large Post share package in order to avoid a cluster risk, reported "Table Media", citing people familiar with the matter. 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.
A fund is to be set up for the stock pension, which the federal government will fill with share capital. A foundation under public law is to manage the money and, above all, invest it profitably - in shares, among other things. The returns accrue to the statutory pension insurance; the federal government would compensate for possible losses. Finance Minister Lindner would like to transfer the investment decisions to Kenfo - this foundation manages the fund for financing the interim and final storage of nuclear waste.
This year, the federal government is providing ten billion euros for the future pension fund. Lindner also intends to pay in at least ten billion euros annually in a "savings phase" for 15 years. Only then should the return on the fund flow into the pension system. However, this has not yet been finally clarified in the coalition.
