Osterreichische Post AG

European news sources have reported that “Osterreichische Post AG, the Austrian postal service, has announced a joint venture with DPD, the German postal company [not Deutsche Post], in which it will set up a subsidiary which will operate in central and eastern Europe. The company is to be called DPD South East Europe, and also includes French company La Poste. The company will begin by setting up business in Hungary, before expanding to Slovakia and Slovenia. La Poste will increase its stake in DPD from the current 50.64 per cent to 85 per cent. DPD already operates in Austria, and Osterreichische Post currently owns 30 per cent of DPD Austria.”