Unipost Plans Expansion in Spain

Spanish postal service group Unipost will invest 27.3 mln euro ($30.5 mln) in expansion through purchase of companies throughout Spain by 2005, it was reported on July 16, 2003. The company plans an extensive promotional campaign of its services in the next years. The objective of Unipost is to face its largest competitor, Spanish postal service group Correos. Unipost, which currently comprises 12 postal service operators, plans to integrate the 180 private companies existing in Spain in 2009, when the total liberalisation of the Spanish postal service is expected.” Spanish News Digest: “Unipost currently provides its service to 15,00 companies and delivers post to 1,100 locations daily, representing 70 pct of the Spanish population. The group has a staff of 5,000. It forecasts a 87 mln euro ($97 mln) turnover for 2003, compared to 73 mln euro ($81 mln) for 2002.