DHL in 50/50 jv with New Zealand’s NZ Post
Deutsche Post World Net AG’s express mail courier DHL said it has agreed to launch a 50/50 joint venture with New Zealand’s NZ Post.
German newspaper Die Welt reported at the end of November that the two groups were close to agreeing a joint venture.
The company gave little detail about the operations of the new venture but did suggest it will compete in the New Zealand-Australian express mail market by giving a figure for the sales potential of this market of about 185 mln aud per year.
