Deutsche Post to acquire 75 pct of Williams Lea for about 370 mln eur
Deutsche Post AG said it plans to acquire 75 pct of UK-based Williams Lea for 370 mln eur in order to expand its worldwide logistics operations. Williams Lea issued a statement on its Website saying it ‘welcomes Deutsche Post as new principal investor,’ and that it will continue to operate as an independent entity. We are delighted with the outcome of our recent negotiations and Deutsche Post World Nets decision to become our principal investor,’ chief executive Tim Griffiths said in the statement. Williams Lea had annual revenues of 438 mln stg in the fiscal year through Sept 30, 2005.
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