La Poste looking to raise stake in Russian venture

The Board of Directors of Le Groupe La Poste recently authorised the acquisition of a further 50% of Armadillo Holding, which holds 100% of DPD Russia. In a statement issued on 29 October (which also announced GeoPost’s purchase of an 80% stake in France’s Resto In), the company said: “The Le Groupe La Poste Board of Directors authorised the Group to enter into discussions with the Turkish partners of GeoPost with a view to buying an additional 50%
share in Armadillo Holding GmbH, in which GeoPost already had a 50% share.

“This acquisition will allow GeoPost to consolidate its position in Russia, Kazakhstan and Belarus.”