Dutch Alliance to challenge Deutscht Post letter delivery monopoly
DIE WELT 5th October 2001
DUTCH ALLIANCE TO CHALLENGE DEUTSCHE POST LETTER DELIVERY MONOPOLY (HOLLANDER FORDERN MIT NEUER ALLIANZ DIE DEUTSCHE POST HERAUS)
Things are about to change in Germany’s letter-delivery market. German private postal group Hermes Versand (part of Otto Versand) is planning to create a joint-venture this year with EP Europost AG. Europost is the German subsidiary of TPG Post Groep of Holland.
Hermes is seen as Deutsche Post’s main rival, largely because of its financial strength and nationwide network. Alex Eglseer, simultaneously head of TPG’s German operations and the Europost office in Hanover, is also convinced that a partnership will be formed in 2001. The Dutch company, which has built up a network in Germany of business-to-consumer postal services, would be the majority partner in the joint-venture.
Abstracted from Die Welt Abstracted from Die Welt in German FT McCarthy – Copyright 2001 Financial Times Information. Source: World Reporter (Trade Mark).
