The second postal reform, primarily administrative in nature, goes into effect in early 1995 based on the Posts and Telecommunications Reorganization Act. The three companies that emerged from Deutsche Bundespost are converted into stock companies under private law. Although the federal government initially retained all shares, they were gradually offered for sale to private shareholders, with the federal government retaining the majority stake for at least five years.
The Federal Posts and Telecommunications Agency was founded at the same time. It represents the federal government's interests as a shareholder in the three stock corporations and performs supervisory and coordinating tasks. The federal regulatory tasks that were still necessary were initially assumed by a department in the Federal Posts and Telecommunications Agency (dissolved in 1997). The second postal reform was characterized by privatization and preparation for further liberalization of the postal markets.
Deutsche Post starts on a course of development that will take it from a loss-making, state-run government agency to a profitable global player and ultimately the world's number one logistics company.