Belgian De Post/La Poste Plans IPO in 2009

Belgian postal services company De Post/La Poste plans to go public in 2009, it was reported on October 13, 2005.

Danish postal service Post Denmark and UK investment fund CVC Capital Partners will invest 300 mln euro (USD359.7 mln) in De Post/La Poste in exchange for a 50 pct stake minus one share. Thus the Belgian government will continue to be the majority owner of De Post/La Poste.

Under the deal, Post Denmark may sell its stake in De Post/La Poste not earlier than in five years’ time, while CVC Capital can offer its stake a year earlier but only through an IPO. Post Denmark has a pre-emptive right on CVC Capital shares, while the Belgian government has the pre-emptive right on the consortium’s stake, if it is put up for sale in five years’s time.

Relevant Directory Listings

Listing image

Escher

Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This