The presence of German courier and logistics firm DHL in Morocco-occupied Western Sahara was challenged yesterday at the AGM of parent company Deutsche Post, by a group of grassroot shareholders.
Germany’s Association of Ethical Shareholders (Dachverband der Kritischen Aktionärinnen und Aktionäre), in collaboration with NGO Western Sahara Resource Watch (WSRW), questioned DHL’s office in El Aaiuún as filers of a countermotion – a mechanism that allows minority shareholders to voice concerns in proxy documents.
Deutsche Post DHL Group is listed on the Frankfurt stock exchange and is a constituent of the Euro Stoxx 50, the index with some of the largest Eurozone stocks.
Among its major shareholders are the German government, through KfW, which has 20.5% of shares, Norges Bank Investment Management (2.75%), Vanguard (2.35%) and DWS Investments (3% including the UK arm).
DHL and KfW were not immediately available for comment. Norges Bank decl…