Deutsche Post AG (FWB: DPW), operating under the trade name Deutsche Post DHL, is the world's largest logistics group. With its headquarters in Bonn, the corporation has 470,000 employees in more than 220 countries and territories worldwide and generated revenue of € 63.5 billion ($ 97.8 billion) in 2007. Deutsche Post is the successor to the German mail authority Deutsche Bundespost, which was privatized in 1995. Currently, 30.5% of its shares are held by the state-owned KfW bank, 69.5% are freely floating; 62.8% of which are held by institutional and 6.7% by private investors. Since its privatization, Deutsche Post has significantly expanded its business area through acquisitions. Deutsche Post is listed in the DAX stock market index.