Dutch TPG not aware of result for 25 pct stake in Post Danmark
Dutch mail, express and logistics company TPG NV is not aware yet of the result of the race for a 25 pct stake in Danish post company Post Danmark, a TPG spokesperson said on March 16, 2005.
The spokesperson made the statement in reaction to earlier announcements in the Danish media, according to which the Danish Government planned to sell a 25 pct stake in Post Danmark to the multinational capital fund CVC Capital Partners.
TPG chief executive officer (CEO), Peter Bakker, said at the end of February 2005 he expected to have clarity within a month about the non-binding preliminary bid for a 25 pct stake in Post Danmark, made by TPG in September 2004.
According to the TPG spokesperson, the company will shortly make an announcement on the result of the race for the stake in Post Danmark.
Besides TPG, the Deutsche Post has also shown interest in acquiring a stake in Post Danmark.
(Editor’s note: TPG said in 2004 that it was interested in a majority stake in Danish, Belgian and Austrian post companies. Those countries announced plans for liberalisation of their post activities. TPG targets a majority stake in Post Danmark, however, the Danish state intends to sell only a stake of 25 pct for the time being.)
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