La Poste looking to raise stake in Russian venture

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.”

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