Chairman of La Poste still advocates alliance between GeoPost and Geodis
La Poste, the French post office, has not abandoned its plans for a partnership between GeoPost, its parcel delivery subsidiary, and Geodis, the French transport, delivery and logistics group, in which rail group SNCF has a 43.2 per cent stake. The project, which was announced a year ago, would create Europe’s second-largest parcel delivery group.
The operation was originally to involve the acquisition of a 24 per cent stake in Geodis by La Poste, which would sell 60 per cent of GeoPost to a new company, 51 per cent controlled by La Poste and 49 per cent controlled by Geodis. However, Geodis is now rejecting the idea of a financial partnership, although discussions towards an operational and commercial alliance are ongoing.
