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The recently privatised postal group said it would freeze Greene's pay this year at her request.
The government is pressing ahead with new plans to privatise state-owned Royal Mail by selling off part or all of its stake in the postal group.
TNT, the Dutch postal group, was also interested in the previous sale, but it is thought to be mainly interested in Royal Mail's highly profitable parcel arm GLS.
The German postal group Deutsche Post said on Sunday that it would offer shares in its Postbank subsidiary at 31.50 to 36.50 euros ($38.65 to $44.80).
Shares in the postal group ended up 1.5p at 506.5p, still way below the post-flotation peak of 604p it reached at the start of January 2014.
The Royal Mail, the state-owned postal group, and the Communications Workers Union (CWU), which represents 121,000 of its 162,000 postal workers, are at loggerheads.
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After 2 years, the proportions of participants satisfied with treatment were 64.9% (48/74) and 58.2% (46/79) in the internet and postal groups, respectively.
Analysis by baseline age and severity (internet and postal groups combined) showed significant (P < 0.001) improvements in the symptom scores (ICIQ-UI SF) and condition-specific QoL (ICIQ-LUTSqol) in both age groups (<50 and ≥50 years of age) and in the groups with moderate and severe leakage.
The troubled state-owned postal services group, which is today facing a costly one-day strike by workers in London, has 28 days in which to respond to the ruling but indicated last night that it would accept the penalty.
The move comes only days after the Berlin-based company signalled it could close its German postal services group PIN, and write down €600m (£432m), as another attempt to diversify away from print appears to have foundered.
We have therefore weighted our postal peer group by market cap... Whether we look at PE, enterprise value/EBITDA or enterprise value/sales, Royal Mail is trading at a relative discount to its peer group, and if we look at dividend yield it is trading at a premium.
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