Former Rosier Holdings chief Brian Rosier leads takeover of MAT Group
Former Rosier Holdings chief Brian Rosier leads takeover of MAT Group
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German regulator looks into reports surrounding Deutsche Bank, Postbank
Germany’s financial services regulator said it is looking into reports about Deutsche Bank’s role in the planned offering of shares in Postbank, the banking unit of mail service Deutsche Post.
Deutsche Bank, Germany’s biggest, is acting as one of the global coordinators in Postbank’s initial public offering, set for June 21. But the buildup was marked by speculation that it was mulling a takeover over Postbank itself and a report that an internal memo on Postbank’s valuation was leaked.
Read MoreDeutsche Post confident that flotation of German Postbank will be a success
Deutsche Post, the German postal service, is confident that the planned flotation of Postbank, its banking subsidiary, will be successful, despite the fact that the price range for shares in the bank has been strongly criticised by investors. The price range has been set at 31.50 to 36.50 euros per share. Deutsche Post claims that foreign investors have shown particular interest in the bank so far; however, several major Anglo-Saxon fund companies are reported to find this price range too high.
Read MoreArla [Express Dairies] to deliver parcels [for TNT Mail]
Arla [Express Dairies] to deliver parcels [for TNT Mail]
Read MoreChristian Salvesen – Full Year Prelims to March 2004
Christian Salvesen – Full Year Prelims to March 2004
Read MoreXPS, Emirates Post tie up for parcel delivery
This is the first-ever such venture for inbound parcel service in India.
XPS will be the delivery partner for the Emirates Post’s `Bharat Parcel Guaranteed’ service.
The Xpress Cargo Division (XPS) of the Travel Corporation of India has tied up with the Emirates Post of the United Arab Emirates (UAE) for delivery of its parcels in India.
Read MoreFedEx gets U.S. Postal Service international delivery pact
FedEx Express unit received a contract to handle guaranteed international deliveries for the U.S. Postal Service, a deal that was previously held by DHL Worldwide Express.
Financial terms weren’t disclosed when the contract was announced Tuesday.
“We evaluated a number of international delivery providers and the review showed that FedEx offers the best combination of price, service, brand recognition and cost/network efficiencies,” said Postal Service chief marketing officer Anita Bizzotto.
Read MoreGerman Trans-o-flex reports profit leap following restructuring
Trans-o-flex, the German specialist in the forwarding of valuable and urgent medical and pharmaceutical consignments, last year saw turnover up by 4.5 per cent at 396m euros. Post-tax profit was trebled to 16.5m euros.
The company, in which German postal service operator Deutsche Post holds a 24.8 per cent stake, has undergone restructuring, this being seen as the main reason for the improvements shown last year. Branches responsible for the delivery of consignments were transformed into independent subsidiaries.
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