Deutsche Post World Net AG said it has set at 28.50 eur/shr the IPO price of its banking arm Postbank AG. A statement late yesterday said the IPO was more than twice subscribed. Postbank shares will be traded from today at Frankfurt’s stock exchange.
Read MoreShares in Postbank, the banking arm of the semi-privatised German postal authority Deutsche Post, debuted on the Frankfurt stock exchange at a price of 29 euros on Wednesday, slightly higher than their issue price of 28.50 euros. Deutsche Post floated 55 million Postbank shares – or around 33 percent of the unit’s share capital – on the stock exchange on Wednesday in the biggest initial public offering (IPO) in Germany in nearly four years.
Read MoreAccording to German government circles, the Federal government plans to sell its shares in Deutsche Post and Deutsche Telekom by the end of 2006. Financial minister Hans Eichel (SPD) has allowed for almost EUR15.5bn of revenue from privatisation; the biggest part of it is to be generated by the sale of Telekom and Deutsche Post shares.
Read MoreEscher Group Ltd today announced that Posten Norge has awarded the postal counter automation project to IBM Norge and Escher Group, Ltd. IBM will implement Escher Group’s WebRiposte Essential counter automation solution at 1,500 post offices and stores throughout Norway to modernize transactions such as postal services, financial services, ticketing and retail services. “Escher Group’s WebRiposte and Essential products enable rapid time to market for new products and low overall cost of ownership. The solution is used by many postal administrations in other countries, and we plan to extract benefits both for our customers and for our own organization,” says Erik Johannesen, Senior Vice President, Posten Norge, Consumer division. Morten Thorkildsen, General Manager of IBM Norway added, “Escher Group is one of IBM’s global partners, and their solutions will enable IBM to help Posten Norge achieve a reduction of operating costs, increasing the customer’s profitability.”
Read MorePresentation at UK Express Delivery Conference by Chris Fowkes, TNT
P:LibraryUK Express Delivery 04Chris_Fowkes.ppt
Presentation at UK Express Delivery Conference by Claude Begle, DPD/GeoPost.
Contains size of European market, European market share, market shares for UK Benelux, France & Germany, GeoPosts alliances.
P:LibraryUK Express Delivery 04Claude_Béglé.ppt
Presentation at UK Express Delivery Conference by Adrew Carner, MicroliseP:LibraryUK Express Delivery 04Andrew_Garner.ppt
Read MoreConference presentation at UKEDC by Ian Baxter
P:LibraryUK Express Delivery 04Ian_Baxter.ppt
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