DPD Germany set to buy out last remaining minority shareholder
DPD has announced today (10 October) that it is unifying its ownership structure in Germany by buying out the stake of its last remaining minority shareholder. In a statement issued today (10 October), DPD said: “The contracts for the purchase of the shareholding have been signed by representatives of DPD GeoPost (Deutschland) GmbH and DPD Zeitfracht GmbH & Co. KG in Frankfurt am Main and the takeover is to be completed by 1 November 2016, subject to the approval of Germany’s competition authorities.”
DPD added: “Most recently the Zeitfracht group held 6.21 % of the shares in DPD Dynamic Parcel Distribution GmbH & Co. KG. In the course of the acquisition two DPD depots in Berlin and one in Raunheim, which serves the Frankfurt conurbation in Hesse, will be taken over. The 470 Zeitfracht employees and all its locations will be retained, and business relations with all customers and system partners will also be continued without interruption. Confidentiality has been agreed with regard to the purchase amount.”
When the deal is completed, DPD Germany will be fully owned by France’s La Poste.
