Author: Archive

Firm aiming to lick UK Royal Mail

Posted by | Jun 15, 2005 | |

A post company is using Swindon in the vanguard of its attack on Royal Mail.
UK Mail has opened its first letter sorting machine at the Hillmead Enterprise Park in Swindon. And it has hinted that it might use the town as an experiment for setting up postboxes in large shops or shopping centres for the general public. The centre will allow UK Mail to sort up to 20,000 items of post a day and will be the first of several ­ others are planned for Leicester, Leeds, London and Glasgow.

Read More

KFW sells 15 pct greenshoe option in Deutsche Post at 18.90 eur/share

Posted by | Jun 15, 2005 | |

The state-owned Kreditanstalt fuer Wiederaufbau (KfW) said it has exercised its 15 pct greenshoe option in Deutsche Post AG last night at a price of 18.90 eur per share. It said, including the 16.5 mln greenshoe shares, the shares sold by KfW in the placement that started last Monday totalled 126.5 mln, which is worth about 2.4 bln eur. It said the free float of Deutsche Post is now at 55.3 pct of its basic capital while the KfW’s stake is at 37.4 pct, or 416.3 mln shares.

Read More

Deutsche Post hopes KfW/German govt to place remaining Post shares by end-2007

Posted by | Jun 14, 2005 | |

Deutsche Post AG chief executive Klaus Zumwinkel said he hopes that the German federal government and Kreditanstalt fuer Wiederaufbau (KfW) will have placed their remaining shares in Deutsche Post in the market by the end of 2007, when the company will lose its stamp monopoly. The comments come after KfW said it placed 110 mln shares of Deutsche Post at 18.90 eur each, adding that the value of the placement was 2.079 bln eur, excluding a greenshoe option of up to 15 pct which can be exercised until July 14. Commenting on the placement, Zumwinkel said KfW proved once again that it can carry out the gradual privatisation of the firm ‘in a sensitive … manner’.

Read More

Yamato Transport to start int’l delivery service for printed matter

Posted by | Jun 14, 2005 | |

Yamato Transport Co. will start a new service for sending printed matter, such as magazines and catalogues, from Japan to overseas in the same delivery time but at a cheaper rate compared with Japan Post, company officials said Tuesday.

Yamato Transport will offer the new service at 70 locations across the nation from July 1, eventually increasing its availability to about 3,000 places, the officials said.

The company will not handle individual letters addressed to specific persons.

Under the new service, delivery will take four to 14 days, almost the same as that of Japan Post, the public corporation in charge of postal services, the officials said.

Yamato Transport will assign the delivery at overseas destinations to local mail service providers, they said.

Read More

Postkantoren BV and TNT Logistics sign contract

Posted by | Jun 14, 2005 | |

Postkantoren B.V. and TNT Benelux & Multi Country Logistics have signed a new contract. Spearhead of the contract is the consolidation of various product flows at the TNT site in Maarssen, the Netherlands. Postkantoren B.V. is a joint venture between TNT N.V. and ING N.V. The company owns the Bruna chain of stores. Postkantoren has 800 sites in the Netherlands, 500 of which are franchised postal agents and 300 self-owned.
Consumers are offered a wide range of products, from cinema vouchers, moped licences and lottery tickets to fishing permits and bus and tram cards. Postkantoren last year decided to assign these products to three main logistics flows.

Read More

Sale of cigarettes to end in Ceska posta branches this year

Posted by | Jun 14, 2005 | |

Czech postal services operator Ceska posta will stop selling cigarettes in all of its branches at the end of this year, even earlier in branches where the contract allows it, Klara Volna of the IT Ministry responsible for Ceska Posta told CTK yesterday. Ceska posta spokesman Ladislav Vancura would not comment at the present time.

Read More

German mail carrier Deutsche Post says banking unit not for sale

Posted by | Jun 14, 2005 | |

The mail carrier Deutsche Post, which is now in majority private control, said Tuesday its wholly owned banking unit, Postbank, which has the biggest customer base of any German bank, was not for sale.

Amid speculation that banking mergers are afoot, Deutsche Bank had earlier hinted fresh interest in acquiring Postbank, one year after premature publicity aborted a takeover bid.

Investment funds worldwide lined up Monday to buy a 110-million-share tranche of Deutsche Post, which started life as the government ministry of posts and was floated nearly five years ago.

KfW, the federal government bank that sold the stake, said 53.8 per cent of Deutsche Post was in private hands after the transaction, and managers Deutsche Bank, Goldman Sachs and UBS had an option to buy a further 16.5 million shares by July 14.

Read More

KfW says Deutsche Post placement was 110 mln shares at 18.90 eur

Posted by | Jun 14, 2005 | |

Kreditanstalt fuer Wiederaufbau (KfW) said a previously announced placement of Deutsche Post AG stock comprised 110 mln shares at 18.90 eur each.

The value of the placement was 2.079 bln eur, excluding a greenshoe option of up to 15 pct which can be exercised until July 14, the state-owned development bank said in a statement issued overnight.

Dealers had yesterday put the bookbuilding range for the transaction at 18.80-19.20 eur.

The placement increases the free float of Deutsche Post shares to about 53.2 pct from 44 pct.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest