French GeoPost acquires Russian Armadilo Business Posylka
GeoPost (Russia), a subsidiary of La Poste Group (France), acquired Armadilo Business Posylka (Russia), a subsidiary of Swedish Post (Sweden). Specialists notice it is a part of a larger deal proposed to strengthen pan-European operations of La Poste Group. It acquired also Yurtici Kargo (Turkey), Masterlink Express (Poland), BLS Lithuania (Lithuania), BLS Latvia (Latvia), and BLS Estonia (Estonia). Sales of the group of enterprises acquired exceeded euro35mil in 2003.
