Post Office alliance plans collapse following DSV sale

Jacob Buksti, the Danish minister of transport, is responsible for the collapse of the merger plans of Post Danmark, the Danish post office, according to Lennart Grabe, the managing director of Posten AB, the Swedish post office. De Sammensluttede Vognmand (DSV), the Danish transport group, sold its parcel division to Posten yesterday and Post Danmark is now at risk of falling behind in Europe. Post Danmark had the opportunity to enter a new alliance with Posten, La Poste of France and DSV but the Danish government prevented this, according to Mr Grabe.

By this, Mr Grabe means that the government prevented the Nordic post offices from acquiring DFDS Dan Transport, the transport subsidiary of DFDS, the Danish shipping group, last year. Mr Buksti has said that Denmark did not block the acquisition and that the Nordic post offices decided not to launch a takeover bid because it was too expensive. Posten will take over DSV’s parcel division and 50 per cent of Tollpost Globe, DSV’s Norwegian subsidiary. DSV, Posten and La Poste will build one of the largest parcel alliances in Europe after the acquisition. Abstracted from Borsen in Danish. Copyright 2001 Financial Times Information, Dow Jones, Dialog. Source: World Reporter (Trade Mark)