Deutsche Post seen as likely investor in Osterreichische Post
Deutsche Post, the German national postal service operator, is seen as the favourite to acquire a blocking minority stake in Osterreichische Post, its Austrian counterpart, when the latter undergoes partial privatisation. Osterreichische Industrieholding (OIAG), the Austrian state privatisation agency which currently owns the country’s postal service operator, is expected to give the go-ahead in June for the partial privatisation.
According to OIAG, the management of the postal operator will examine, over the next two months, the earnings prospects which each bidder is likely to bring to each division of the group, and a decision will be based on this study. Deutsche Post is expected to make the most generous bid, and also offers the advantage of DHL, its world-wide parcel delivery service. The Dutch postal service operator is also interested.
Abstracted from Frankfurter Allgemeine Zeitung
