TNT to set up own mail delivery system in Germany
TNT NV’s Europost unit is planning to set up its own unified mail delivery system in Germany to close in on local rival Deutsche Post AG, Handelsblatt newspaper said, citing Europost head Mario Frusch.
As part of the plans, Europost hopes to unite 120 of its 160 regional mail delivery partners in Germany under a single Europost franchise structure.
‘We want to strengthen our position as the number two behind Deutsche Post,’ Frusch told the newspaper.
Europost is 71 pct owned by TNT and 29 pct by Hermes, a unit of German mail order company Otto Versand.
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