German Deutsche Post mulls bid for Belgium’s Post

German postal and logistics group Deutsche Post AG is considering to make an official bid to acquire a stake in Belgium’s 100 pct state-owned postal services company Post, Deutsche Post said on February 14, 2005.

The Belgian Post has asked interested parties to submit their bids by the end of February 2005. Deutsche Post is currently considering the alternative whether to make a binding offer for the stake, Deutsche Post spokesman Dirk Klasen said.

The Belgian Post is trying to find a possible partner, which will set out on the modernisation of Post. Deutsche Post does not consider it a problem that the Belgian state wants to remain Post’s majority shareholder, Klasen said.

The general conditions, regulatory issues and the price of the deal will be more important and will play a key role for Deutsche Post’s decision on whether to buy a stake in Post or not, the spokesperson added.

(Alternative / Original name/spelling: de Post, La Poste)

www.welt.de

Deutsche Post May Bid for Belgian Postal Service
February 15, 2005 — [Frankfurter Allgemeine Zeitung]
“Deutsche Post, the German postal service operator, is examining the possibility of submitting a formal offer for a stake in the Belgian postal service, which is still entirely state-owned. The Belgian postal service operator is searching for a partner in order to make progress with the modernization of the company; Deutsche Post says that it will not be deterred by the fact that the state intends to maintain a majority stake in the company initially, and that issues such as the price and whether or not the acquisition would fit into the German group’s strategy are more important. The company says that the Belgian postal service operator has asked potential buyers to submit an offer by the end of February. French state-owned postal service operator La Poste is reported to have joined forces with Dutch postal service group TPG to submit a bid, and the Danish and Swiss postal services are also said to be interested.”

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