Deutsche Post buys USD150 million stake in Atlas's polar air unit
Deutsche Post AG’s DHL express- delivery division plans to spend USD150 million for nearly half of Atlas Air Worldwide Holdings Inc.’s Polar Air Cargo unit, gaining access to extra aircraft in key markets.
DHL will pay cash to acquire a 49 percent holding in Polar, including a 25 percent voting interest, Atlas said today in a statement on Business Wire.
Bonn-based Deutsche Post, Europe’s largest postal service, has spent more than USD13 billion on acquisitions since 1996 in a quest to become the No. 1 logistics company in the world.
