There have been further problems in the flotation of Deutsche Post subsidiary Postbank, which is set for June 21. In a leaked internal document Deutsche Bank valued Postbank at between EUR4.4 billion and EUR5.3 billion while the head of Deutsche Post believes it is worth “at least EUR6 billion”. This revelation came about as it was revealed that Deutsche Bank is, along with Morgan Stanley, to lead manage the flotation.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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