Austrian Österreichische Post AG is preparing for its partition into five independent companies

According to CEP News, “the Austrian Österreichische Post AG is preparing for its partition into five independent companies, possible a prelude to a (partial) takeover by another company group. Deutsche Post AG is considered a hot candidate, according to the daily ‘Die Presse.’ The five companies would deal with letters, courier-express-parcels, bulk mail, media post (i.e. newspaper distribution) and post office counters. The restructuring is to take place in three steps and to be completed by the beginning of 2003.”