UBS has arranged its first equity capital markets deal for Deutsche Post since handling the German mail group's initial public offering just over four and a half years ago.

The Swiss bank, which worked with Deutsche Bank on Deutsche Post's €6.6bn ($7.9bn) flotation in November 2000, teamed up with the German bank and Goldman Sachs as lead managers to sell 126.5 million shares in Deutsche Post on behalf of German state development agency KfW yesterday.