Author: Archive

Spain's Azkar seeks new partners, possibly through capital increase

Posted by | Feb 13, 2003 | |

Transportes Azkar SA is seeking new partners to help finance the distribution group’s growth, Expansion reported citing unnamed sources close to the company.

Besides those companies already present in the sector, such as Fomento de Construcciones y Contratas SA and Actividades de Construccion y Servicios SA, “a Spanish investor group” could also be interested in taking a stake in Azkar, the paper said.

The possible investment could be carried out through a capital increase, Expansion said, noting that this would dilute the Somoza family’s 54.83 pct stake in the transport company.

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Deutsche Post World Net acquires 5% share in Sinotrans Ltd in China

Posted by | Feb 13, 2003 | |

Deutsche Post World Net has acquired a 5 percent share to a value of €52.5 million in Sinotrans Ltd., China’s leading transport and logistics firm, at the Initial Public Offering. The state-owned company today put 38.5 percent of the capital on the market, of which 10 percent went to strategic investors. Of these strategic investors, Deutsche Post World Net acquired 5 percent, the largest share.

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Japan Post to shed loss-making post office services

Posted by | Feb 13, 2003 | |

The nation’s new public postal entity starts life in April with a mandate to make a profit. The Asahi Shimbun When the newly created Japan Post throws out its predecessor’s letterheads and office stationery in April, a number of the Postal Services Agency’s money-losing services will also go to the waste heap.

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France's La Poste to raise basic stamp prices for the first time since 1996

Posted by | Feb 13, 2003 | |

France’s La Poste plans to raise basic stamp prices for the first time since 1996, with the price of a standard French and European letter stamp rising to 0.50 eur from 0.46 eur from June 1, 2003, a Poste spokesman said. Chairman Jean-Paul Bailly requested government permission for the tariff increases in order to avoid a potential deficit of 315 mln eur in 2003, if the basic stamp price was kept at 0.46 eur.

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French postage stamp price could rise to 0.50 euros

Posted by | Feb 13, 2003 | |

The French post office, La Poste, is to present its business plan for 2003 today. The government has still not decided whether to increase the price of stamps, however. If the price is increased from 0.46 euros to 0.50 euros, the group’s accounts will reach break-even point.

If the price is increased to 0.52 euros, moreover, the accounts will show a slight profit. If the price remains the same, La Poste’s results will include a loss of 350m euros.

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TNT Logistics to takeover entire warehousing operations for Pirelli in Germany and establish new warehouse

Posted by | Feb 12, 2003 | |

TNT Logistics is significantly extending its partnership with tyre manufacturer Pirelli. TNT Logistics will immediately take over the entire warehousing activities at the German-based Höchst/Odenwald production site, which until now had been carried out by the manufacturer. In a further move, TNT Logistics will construct a new 40,000 m2 spare parts warehouse commencing 2004.

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Mitsui-Soko and Japan Postal Agency tie-up for parcel delivery

Posted by | Feb 12, 2003 | |

Mitsui-Soko Co. said it has agreed with the Japanese Postal Services Agency to combine their respective warehousing and small-parcel delivery services. The tie-up will enable companies to outsource whole “business to consumer” services including the acceptance of orders by telephone, warehousing, home delivery of merchandise to buyers, and the collection of payments, the warehousing company said.

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