Deutsche Post ‘optimistic’ on talks to buy KarstadQuelle’s logistics ops

Deutsche Post World Net AG is optimistic about the progress of its talks to acquire the logistics operations of troubled retail group KarstadtQuelle AG, said Deutsche Post management board member Peter Kruse.

‘We are looking at this with an optimistic stance,’ he said, while declining to comment on details of the ongoing talks.

Karstadt, which is undertaking a radical restructuring in an attempt to return to profitability, has said it expects to reap around 1 bln eur from the sale of subsidiaries. Between 200 and 400 mln eur of that is expected to come from the sale of its logistics operations.