Belgian Post considers IPO in 2009
Belgian postal service company De Post/La Poste considers launching up to 25 pct of its shares in an initial public offering (IPO) in 2009, it was reported on January 30, 2006.
The consortium between Denmark’s postal services provider Post Danmark A/S and UK private equity group CVC Capital Partners Ltd plans to keep at least 25 pct minus one share in De Post/La Poste.
The company also considers establishing a separate unit for parcel distribution services, which are currently provided by its subsidiaries Taxipost and Kilopost. Parcel distribution services are one of the growing segments for De Post/La Poste despite the strong market competition, the company’s CEO Johnny Thijs added.
De Post/La Poste targets to reduce the delivery period to one day, from current two to three days.
The company plans to spin-off its non-addressed postal services as well.
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