Deutsche Post sees hefty Dutch growth

Deutsche Post (DP) expects to have a double-digit share in the Dutch postal market within the next five years, Deutsche Post’s divisional board member Herbert-Michael Zapf told reporters on Monday.

DP’s share in the Dutch market is currently below five percent, he said.

Earlier on Monday, Deutsche Post and Dutch publisher Wegener NV (WEGA) said they planned to start a joint venture for mail services in the Netherlands.

The German postal group will also take a majority stake in Wegener unit Interlanden, which specialises in distribution of unaddressed materials and house-to-house newspapers.

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Dow Jones has reported that “Germany’s Deutsche Post said Monday it will set up a mail distribution joint venture with Dutch publisher Wegener NV (N.WGN), aiming to become the second largest player in the Dutch postal market after former monopolist TPG NV (TP). Although the Dutch mail market is currently only 50% open, Deutsche Post said that within five years it is targeting a double digit market share of the liberalized market and expects its tariffs to be between 10% to 15% lower than those of rival TPG. The Dutch government owns a 35% stake in TPG while the German state still holds 69% of Deutsche Post. Currently, TPG has a monopoly on mail in the Netherlands under 100 grams, though that could change in 2006 when the market under 50 grams will be opened up.”