Deutsche Post raises stake in DHL to 100%
Deutsche Post World Net AG said it has taken 100% control of DHL International by acquiring the remaining 23% from two investment funds and 1.4% from Japan Airlines.
A company statement did not disclose financial details but noted that DHL plays “a decisive role” in Deutsche Post’s strategy.
In July this year, Deutsche Post raised its stake in DHL to 75% when it bought Deutsche Lufthansa AG’s 25% stake in the parcel delivery company.
Deutsche Post has already announced that next year, it will bundle its express and logistics operations under the DHL brand name.
from Cargonews Asia 5.12.02
Deutsche Post says paid over US$399.44 million for DHL stake
Frankfurt: German post and logistics group Deutsche Post said on December 3 that it had paid over US$399.44 million for a remaining 24.4 percent stake in international express courier DHL International.
“Deutsche Post World Net has secured the remaining 24.4 percent stake in DHL in recent days and thus completed a 100 percent takeover of the world leader in the international express courier business,” Deutsche Post said in a statement.
The company said it had bought 23 percent from two investment funds, while the remaining 1.4 percent came from Japan Airlines.
-Reuters
