Author: Archive

Flotation of German Postbank increasingly unlikely to be a success

Posted by | Jun 15, 2004 | |

The planned flotation of Postbank, the banking subsidiary of Deutsche Post, the German postal service, seems increasingly likely to be cancelled. Although some of the banks involved in the transaction continue to say that they are confident that the flotation will be a success, others believe that the flotation will not be able to take place unless Deutsche Post is prepared to lower the price range for shares in the bank. This has been set at 31.50 to 36.50 euros per share, which many investors insist is too high.

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German Postbank IPO volume not expected to be cut due to ‘good’ demand

Posted by | Jun 15, 2004 | |

Postbank AG’s planned IPO volume of around 81.9 mln shares is not expected to be reduced because demand from foreign investors is ‘good’, Boersen-Zeitung said, citing bankers involved in the listing.

The report said the level of subscription volume however cannot as yet be estimated because investors will only sign up for the offer on the final day of the subscription period itself, which is this Friday.

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Chinese home delivery business sees strong growth

Posted by | Jun 15, 2004 | |

Carriers say they are seeing a boom year for their services, as more consumers do their shopping with the assistance of delivery services.

Since beginning in 2000, the domestic delivery business in Taiwan has grown sharply. According to Taiwan Pelican Express Co., the second largest domestic carriers in terms of size, the current average usage in Taiwan is 0.7 items per head per year.With the prevalence of online shopping, TV channel orders and multilevel marketing, savvy customers have become aware of the benefit of home carriers, and the market size could be valued at NTD.6 billion or more, Taiwan Pelican Express Manager Chieh Hsin-hsin said.

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US Postal Service to use GM’s fuel cell van

Posted by | Jun 15, 2004 | |

The United States Postal Service has announced it will lease a fuel cell vehicle from the General Motors Corp. to deliver mail in the Washington area.

Federal officials said the two-year agreement for the use of a GM minivan represents the first commercial application of a GM fuel cell vehicle within the United States.

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Publishers plan to take case against Deutsche Post to EU

Posted by | Jun 15, 2004 | |

German newspaper and advertising journal publishers’ associations are reported to be planning to take their complaint against postal service operator Deutsche Post to the EU Commission following the failure of the German antitrust authority to support their case. The complaint relates to the postal service operator’s delivery of advertising material as part of a new service. Publishers believe that Deutsche Post is encroaching on the territory of newspapers and other periodicals.

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TNT Logistics Spain wins EMI Music Contract

Posted by | Jun 15, 2004 | |

TNT Logistics in Spain has announced that it has won a long-term contract with EMI Music Spain, part of the EMI Group plc.

TNT Logistics will take over EMI’s logistics and distribution activities, which are currently managed in-house in Pozuelo de Alarcón, Madrid where EMI stores music CDs and other materials and prepares the orders for its clients in Spain and Portugal. The work involves picking, packing and shipping of EMI’s CDs, music cassettes and DVDs and shipping them to the sales point in the Iberian Peninsula.

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