Axel Springer AG said it expects to write down the value of postal service provider PIN Group AG, in which it holds a majority stake, by up to 620 mln eur this year after talks with the other owner to finance the business failed.
The write-down will have a negative impact on net profit, it said in a statement.
PIN Group will be included in discontinued operations in the company’s full-year results.
PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]
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