Deutsche Post DHL to sell French parcel business?

Deutsche Post DHL is on the verge of selling its French DHL arm, according to unconfirmed press reports on the continent. According to several news agencies last week, Deutsche Post was said to have accepted an offer from French firm Caravelle.

There has yet to be any official word from the Post’s management board. The financial aspects of the deal are also yet to be confirmed, but figures in the press range between $200m to $300m.

According to Transport Intelligence, “French based Caravelle is a specialist in turning loss making companies around, looking to make investments in the region of €300-400m. One of its recent acquisitions was the French cold-chain road freight business Lamberet. According to Lamberet, Caravelle paid €19.5m for the company. Caravelle also has extensive investments in automotive engineering companies located in France.”