Courier services firm DHL has completed the sale of its shares in Deutsche Bank, it has been confirmed.

Parcel delivery firm DHL has announced the completion of its sale of shares in Deutsche Bank.

The courier services company has claimed that the disposal of the assets on the market means it can focus on pure mail and logistics.

Total proceeds from the sale of the 50 million Deutsche Bank shares are believed to amount to around €100 million (£86.1 million).

Frank Appel, chief executive officer of Deutsche Post DHL, said the company was "very pleased" to sell the shares "in such a swift and successful manner".

He added: "With this sale, we've completed another major step in our effort to purely focus on mail and logistics."

DHL recently also announced the expansion of its network for temperature-controlled transports.

Its Coldchain services now cover more than 30 countries, including Malta, France, Turkey and Russia.

Article Added: 09/07/2009 14:44:36