TPG, Swiss Post and Hermes close to forming joint-venture Europost

February 15, 2001 — The Courier-Express-and Postal Market News (CEP News) has reported that “the Dutch TNT Post Group (TPG) is evidently close to concluding a trend setting co-operation agreement in the European letters market. KEP News has information that the Dutch TPG together with the Schweizerische Post are going to form the joint venture EuroPost Ltd. After the negotiating partners reached an agreement, they intend to make an announcement to that effect in the following days. With this step TGP in particular would be able to maintain its position as an important supplier in the competition with the other European postal companies, especially in the letter business. Market observers think that the Schweizerische Post would integrate its PrimeMail joint venture in the new union, in order to secure access to the important German letters market. PrimeMail was founded in the autumn of last year together with the German Hermes General Services (KW 47/00). The joint venture, with its head office in Hamburg, offers area wide delivery of letter and catalogue consignments in Germany, Switzerland and all over the world.”