GeoPost expands to Bulgaria
GeoPost continues expanding across the Balkans and into the new EU countries. Today, GeoPost Bulgaria Ltd, a new joint venture between GeoPost Yurtiçi Kargo and City Express Ltd, joins the continuously growing GeoPost network. GeoPost Bulgaria Ltd will be based in Sofia and offer international air express, air road and deferred road services under Geopost’s Chronopost and DPD brands. The first outbound shipments are planned from November 2004.
GeoPost Yurtiçi Kargo owns a 51 percent share in the new Bulgarian joint venture with the other 49 percent being held by City Express. City Express Ltd is the Bulgarian market leader in express courier services. GeoPost Yurtiçi Kargo, based in Istanbul, is the joint venture established in 2003 between GeoPost and the Turkish market leader in parcel and express services Yurtiçi Kargo. GeoPost and Yurtiçi Kargo have joined forces for activities and development projects in Turkey as well as in Russia, neighbouring countries, Central Asia and the Middle East.
“Last week we announced a new joint venture in Slovenia, now a new partnership in Bulgaria. We are rapidly completing the last stretches of our unique pan-European network. GeoPost goes where the business goes and the new EU countries and the Balkan are becoming new economic centres in Europe” said Dr. Claude Béglé, CEO International Division & Development of GeoPost and Managing Director of DPD.
About GeoPost
GeoPost is a leading player in the global parcel and express market, operating in more than 30 countries under brand names such as DPD, Chronopost, Parceline and Interlink Express. GeoPost is Europe’s third largest provider of express and deferred parcel services, recording a global turnover of EUR 2.3 billion in 2003. GeoPost is a full daughter of France’s national postal service Groupe La Poste.
About GeoPost Yurtiçi Kargo
GeoPost Yurtiçi Kargo was established in 2003 as a joint venture between GeoPost and Yurtiçi Kargo – a subsidiary of Arikanli Holding. GeoPost Yurtiçi Kargo provides international air and road transportation services through the Yurtiçi Kargo distribution network of 540 branches. Yurtiçi Kargo has a market share of over 40 percent in the Turkish parcel and express market.
About City Express
City Express is the Bulgarian market leader in express courier services and was established in 1994 in Sofia. With over 300 employees, City Express delivered over 2 million parcels in the domestic market in 2003. City Express offers services ranging from same day delivery, next day delivery, COD, providing copying, translation and printing services.
For further information, please contact:
GeoPost
Alexandre Bruggmann
Director of External Communication
+49 (0) 174 203 0154
