Austrian Post AG leaves DPD

Sep 2, 2005 | News | 0

Austrian freighters Lagermax, Schachinger and Gebrueder Weiss bought back the 30 pct stakes which Austrian postal company Oesterreichische Post AG had owned in each of them and thus ended the cooperation of their joint-venture parcel service company DPD with Post AG. Post AG started the cooperation with DPD in mid-1997 by buying 30 pct in each of its founders. The contracts for the withdrawal were signed on August 31, 2005, and the move is effective from September 1, 2005. The price was not revealed.

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