French La Poste only Greek Post Office bidder; TPG withdraws courier bid
French post office La Poste is the sole remaining bidder for 10 pct of the Greek post office ELTA and 50 pct of its courier unit, after TNT Post Groep NV decided not to bid for the courier stake, said the Greek Ministry of Transport and Communications.
There are plans to float 25 pct of ELTA on the stock exchange shortly.
ELTA had 352.1 mln eur sales in 2001 with profits estimated at 14.6 mln eur, said the ministry.