Czech Antimonopoly Office OKs DHL acquisition of PPL CZ
Czech Antimonopoly Office (UOHS) approved the acquisition of local parcel logistics company PPL CZ by DHL, the express and logistics unit of German postal service group Deutsche Post, it was reported on January 23, 2006.
PPL CZ will remain the second largest express service provider in the country, after local postal services operator Ceska Posta, according to the competition watchdog.
[Editor’s note: DHL fully acquired the Czech company for an undisclosed sum on December 21, 2005, according to information from PPL CZ website (www.ppl.cz).
The acquisition, which is expected to be completed in the first quarter of 2006, aims to expand DHL’s activities in Central and Eastern Europe (CEE).
PPL CZ, established in 1995, is based in Prague. The company specializes in door-to-door delivery services to companies, mainly in the IT, pharmaceutical and electronics sector. PPL CZ operates 11 depots throughout the country and has over 450 vehicles.]
(Alternative/Original name: Urad Pro Ochranu Hospodarske Souteze)
www.euro.cz,www.ppl.cz
