Deutsche Post World Net looking for International mail acquisitions

Deutsche Post World Net (DPWN), which generates 49percent of revenues from international activities, is looking out for possible acquisitions in the international mail, express and logistics sectors, chairman Klaus Zumwinkel said at the company’s half-year results news conference. He added that in the postal sector, where it was outbid for a 22percent stake in Post Danmark and had decided not to bid for a 49percent stake in Belgian Post, DPWN would take a “pragmatic” approach between acquisitions, holdings and organic growth. Zumwinkel also renewed his call for EU states to agree on a final date for full postal liberalisation. With the end of its domestic postal monopoly on letters weighing less than 50g set for December 31, 2007, the German mail and logistics group is gearing up for full competition in its home market.