Deutsche Post not keen to participate in postal privatisations at present
Deutsche Post World Net AG is at present not keen to
participate in postal privatisations in Japan, Austria, Belgium and Italy, CEO
Klaus Zumwinkel said at the company’s annual results news conference.
He said the group will only be interested in acquiring stakes in companies that fulfill several conditions, such as providing premium quality services and products. The legal framework in countries where the potential acquisitions are located must also be ‘reliable’, he added.
But Zumwinkel did not completely rule out participating in the postal privatisations, specifically in Japan and Italy.
On Japan, he said the country has already started laying out the legal framework for postal privatisation.
However, because it will still take a few years before this is completed, acquisition prospects in that country are currently lacking, he said.
‘But if in a few years the conditions become good, then we would not be a good bunch of businessmen if we don’t look at it. The same is true for Italy.’
