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Austria's state holding company OeIAG may propose the sale of shares in Telekom Austria and in Austrian Post

Posted by | Dec 14, 2007 | |

Austria’s state holding company OeIAG may propose the sale of shares in Telekom Austria and in Austrian Post, its head was quoted as saying on Friday.

OeIAG Chief Executive Peter Michaelis said in an interview with daily newspaper Der Standard he would recommend selling some shares if Telekom Austria continued with share buybacks which have the effect of increasing OeIAG’s stake.

Telekom Austria cancelled repurchased shares earlier this year, which led to an increase in OeIAG’s stake to 27 percent from 25 percent.

“If there are further steps in this direction and OeIAG’s stake is moving towards 30 percent, then capital markets would not appreciate the rise,” Michaelis said.

“That would be a classical example where I would tell the government that we should part with 3 or 4 percent,” he said.

Michaelis said Austrian Post needed a period of consolidation after a string of takeovers in Germany and central Europe. After that, another share sale by OeIAG could be envisaged, he said. OeIAG owns 51 percent of Austrian Post.

OeIAG holds the Austrian government’s stakes in Telekom Austria, Austrian Post, oil and gas group OMV and Austrian Airlines. It has no mandate to sell shares as Austria’s current government is split on privatisation policy. (Reporting by Boris Groendahl; Editing by David Holmes)

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Pitney Bowes Boosts Asia Pacific & Middle East (APME) Management Team with Three Senior Appointments

Posted by | Dec 14, 2007 | |

Following the recent opening of its regional headquarters in Singapore, Pitney Bowes Inc. the leading mailstream technology company, has strengthened its bid for expansion into the Asia Pacific and Middle East region with the appointment of I.T. industry veteran Eric-Yves Mahe as President for Pitney Bowes Asia Pacific & Middle East (APME).

Mahe will be responsible for all direct operations and distributors in the region. He brings with him more than 20 years experience in the IT industry with several multinational companies including Computer Associates Inc. where, as Vice President and General Manager for North Asia, he oversaw business operations in China, Hong Kong and Taiwan. Mahe was previously also Senior Director of Sales for Asia Pacific Global Services at Sun Microsystems where he played a key role in building the new Asia Pacific Support Services and Professional Services Sales Operations which spanned five Asia Pacific regions and twenty-three countries.

Said Patrick Keddy, Executive Vice-President and President, Pitney Bowes International, ”I am confident that Eric’s 20 years’ experience in the IT industry and keen understanding of the Asian market will be instrumental in Pitney Bowes’ expansion in the Asia Pacific and Middle East region and we look forward to his contributions.”

In addition, Pitney Bowes also announced the appointment of two other senior executives in newly created positions, reporting into Mahe: Lynette Koh to the role of Vice President, Marketing & Postal Relations, Asia Pacific & Middle-East, and Loh Eng Ee as Vice-President, Services, Asia Pacific & Middle-East.

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Court order approving scheme of arrangement for recommended offer

Posted by | Dec 13, 2007 | |

Christian Salvesen PLC (“Christian Salvesen”) announces that, at a hearing today in the Court of Session, the Court granted an order sanctioning the scheme of arrangement under section 425 of the Companies Act 1985 to effect the recommended acquisition by Groupe Norbert Dentressangle S.A. of the entire issued and to be issued ordinary share capital of Christian Salvesen (the “Scheme”) on the terms set out in a circular despatched by Christian Salvesen to its shareholders on 15 October 2007 (the “Scheme Document”). A copy of the court order will be delivered to the Registrar of Companies today.

Christian Salvesen will apply to the United Kingdom Listing Authority for the suspension of the listing of its ordinary shares on the Official List and to the London Stock Exchange for the suspension of the trading of its ordinary shares on the London Stock Exchange’s market for listed securities, in each case with effect from the close of business on 13 December 2007.

Completion of the Transaction remains subject to confirmation by the Court of the reduction of capital which forms part of the Scheme and the registration of the Court order by the Registrar of Companies. This is expected to be received on 14 December 2007, whereupon the Scheme will become effective.

Capitalised terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Scheme Document.

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Dutch government rejects calls for partial liberalisation of Dutch postal market

Posted by | Dec 13, 2007 | |

Economic Affairs State Secretary Frank Heemskerk has rejected a request from postal company Sandd BV for a partial liberalisation of the Dutch domestic postal market next year, the Economic Affairs Ministry said.

Sandd said yesterday it sent a letter to the state secretary proposing that newcomers to the Dutch postal market be allowed to deliver a limited amount of letters in 2008, despite the government’s decision last week to postpone the planned Jan 1 liberalisation of the market.

Under a liberalised market, TNT NV would lose its monopolistic position in the delivery of letters weighing under 50 grams.

But in its letter to Heemskerk, Sandd requested permission to deliver no more than 50 mln letters weighing less than 50 grams until the Dutch market could be fully liberalised.

It said the partial liberalisation of the market would allow Sandd to meet contractual agreements that had been signed in expectation of full market liberalisation.

But a ministry spokesman confirmed a report in newspaper Het Financieele Dagblad this morning that Heemskerk rejected the proposal.

‘We can’t tolerate a partial liberalisation because we can’t make a distinction between one company and another. It is too complex,’ the spokesman said, adding that the government was legally able to postpone the liberalisation.

In postponing the complete liberalisation last week, Heemskerk said there are too many uncertainties regarding the postal market.

The state secretary will now issue an evaluation of the postal market at the end of February and if concerns are resolved, the market can be fully opened from April 1 at the earliest.

‘We can open the market on a quarterly basis,’ the spokesman said.

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Seasonal rail services for Royal Mail

Posted by | Dec 13, 2007 | |

EWS Network, the logistics rail provider, has been contracted to provide two mail trains a day for the Royal Mail over the next fortnight.

The ten van train will operate from the Royal Mail’s Princess Royal Distribution Centre in London, and then call at Warrington and Shieldmuir, just outside Glasgow. The train will then work a return service from Shieldmuir via Warrington to Prnicess Royal.

Stuart Boner, EWS Network Managing Director, said: “Royal Mail is a multi-modal logistics user and at their busiest time of the year they require additional resources from all modes. EWS Network is delighted to provide a rail solution that can be integrated into their plan, and looks forward to transporting mail in the days leading up to Christmas.”

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DHL upgrades freighters from Turkey

Posted by | Dec 13, 2007 | |

DHL Aviation has boosted its capacity from Turkey by over 160 per cent, by replacing of its five weekly B757 freighters with six weekly A300 freighters.

The airline now offers a total allocation of 520,000 kg of main deck space per month from Istanbul to its European hub in Brussels, linking to 136 destinations worldwide on its own services. Interline agreements with American Airlines, Air Canada and Continental Airlines add a further 94 destinations.

DHL Aviation is represented in Turkey by its GSSA of 11 years, Kargosistem AS, whose managing director Demir Ozerman, said: “This additional freighter capacity, coupled with network expansion and improved routings, gives DHL Aviation much greater potential in this market. It also significantly improves the scope of services we can offer to the Turkish airfreight community and boosts our total portfolio of destinations to almost 300.”

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Ghana Post asked to take advantage of ICT

Posted by | Dec 13, 2007 | |

The Chairman of the Board of Directors of the Ghana Post (GP), Professor Addo Fenning, has urged the GP to take decisions that will catalyse the development and modernisation of the postal network and improve its efficiency through the application of information and communication technology (ICT) in all facets of postal transactions.

Professor Fenning said this at a regional workshop on the theme: “Implementation of International Express Money Order Via the International Financial Services (IFS) Network” held in Accra Tuesday.

According to him, that would make Internet facilities readily accessible to majority of Ghanaians, especially the youth.

He noted that the government of Ghana was committed to the development of the ICT infrastructure.

Prof. Fenning further said that the inadequacy of ICT infrastructure in Africa had made it imperative for the Universal Postal Union (UPU) to set up regional technical centres and provide support through its training to build capacity for African countries.

The Managing Director of the GP, Mr Kofi Dua-Adonteng said the workshop was important because it showed the commitment of African post in the adoption of IFS as a major component in their operations.

He said the workshop aimed at empowering the administration with skills and strategies in order for it to operate efficiently and profitably and provide varying opportunities for the GP to improve its services to remain relevant to society.

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