Post Danmark, CVC Capital Partners close to buying stake in Belgium’s De Post
Post Danmark AS and the UK’s CVC Capital Partners are close to buying a 49 pct stake in the Belgium postal services, De Post – La Poste, daily Jyllands-Posten reported, citing Post Danmark chairman, Fritz Schur.
The shareholding in De Post – La Poste has been put up for sale by the Belgium government.
Post Danmark and CVC Capital Partners have been negotiating with the Belgians over the weekend and Schur told the daily that he expects to call a board meeting as soon as next week in order to have the deal cleared.
‘We are now in a rather decisive phase. I believe there will be a clarification at the beginning of next week,’ Schur told the daily.
It is expected that the final deal will be completed within two weeks and that the shares will be handed over with effect from Jan 1, 2006.
In June this year, the Danish Ministry of Transport and Energy sold a 22 pct stake in Post Danmark to CVC Capital Partners for 1.27 bln dkr.
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