Austria’s post office for sale
The Austrian government has authorised the partial privatisation of the national postal service, ostereichische post. Up to 74.9% is to be sold to foreign partners. The rest will remain in the government’s hands. The leading candidate for the majority stake is thought to be deutsche post, but the Swiss, the French and Swedish postal groups have also signalled their interest. According to sources in Vienna, the sale of blocks of shares (valued approximately EUR 1.5-EUR 2 billion) could commence this year or 2004 at the latest.
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