Post Danmark will be ready for sale in 2003

Flemming Hansen, the new Danish minister of traffic, continues to restructure Post Danmark, the Danish post office, in order to make the company a limited company before the end of 2002 and make it ready for sale in 2003.

Mr Hansen has said that it is too early to tell whether a sale of Post Denmark will be carried out through a flotation on the Copenhagen stock exchange. The minister has not revealed how much Post Danmark may be worth but it has been rumoured that the value of the company totals about DKr2bn-DKr3bn compared with its large competitors such as Deutsche Post.

Abstracted from Borsen