Tag: Deutsche Post

Deutsche Post CEO Zumwinkel mulls acquisitions in China for DHL unit

Posted by | Apr 18, 2006 | |

Deutsche Post AG chief executive Klaus Zumwinkel told Handelsblatt economic daily that the company could seek to expand its DHL logistics operations in China via acquisitions. ‘If there is an attractive takeover target there, then we will take a close look at it,’ Zumwinkel told the newspaper. He also said that DHL wants to increase sales in China by 30-35 pct per year. DHL has a 40 pct share of the Chinese logistics and express mail market.

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Deutsche Post plans no large acquisitions – CEO

Posted by | Apr 18, 2006 | |

German postal service group Deutsche Post AG has no plans for large acquisitions in the next two years, but is always in search for ones under 250 mln euro (USD305.9 mln), CEO Klaus Zumwinkel said on April 17, 2006. Deutsche Post is interested in smaller acquisitions in the mail business outside Germany, or deals in Asia, Zumwinkel said. “Asia is the growth market,” he said. “But China is a test case to sustain growth. Personally, I expect a lot from China,” he said

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Germany's Deutsche Post eyes WH Smith's news spin-off

Posted by | Apr 16, 2006 | |

The newspaper distribution arm of WH Smith could face a takeover bid from Germany’s Deutsche Post after the retailer’s chief executive, Kate Swann, announced plans to demerge the business and float it on the stock market, though no timetable was given. WH Smith considered selling its news distribution arm in 2001, when it came close to selling it to a private equity buyer. Deutsche Post considered a bid at that time and City analysts believe it could quickly renew its interest in the business. Private equity firms have also been tipped as potential bidders for the news division. It is one of three newspaper distribution businesses nationally, along with Menzies and Dawson Holdings.

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Deutsche Post struggles in United States

Posted by | Apr 12, 2006 | |

Deutsche Post AG may deliver packages in more than 200 countries and territories, but it doesn’t look likely to deliver for investors soon. That is because the German delivery and logistics giant is stumbling in the market that matters most and where many of its investors reside: the U.S. Even though the Bonn-based company had predicted that its DHL Express USA unit would turn profitable by the fourth quarter of this year, management now says the unit probably will keep posting losses through at least 2007. Deutsche Post, which is losing roughly half a billion dollars a year in the U.S., also said recently that it would stop providing investors with quarterly guidance for its U.S. operations.

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Berlin under pressure to end VAT exemption for Deutsche Post

Posted by | Apr 11, 2006 | |

The German authorities are coming under pressure from the EU Commission to impose VAT on the services of Deutsche Post, the country’s postal service operator and former state monopolist. Until now, most of the company’s services are free of VAT, but Brussels regards the situation as being of disadvantage to competitors on the market, such as the Luxembourg-based service provider PIN Group and the Dutch group TNT, both of which are subject to VAT. The EU taxation commissioner Laszlo Kovacs therefore yesterday introduced infringement proceedings against Germany, and Berlin has two months in which to react to Brussels’ accusations.

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