Tag: Deutsche Post

Deutsche Post AG’s head of logistics Frank Appel said the company’s DHL logistics unit expects the logistics operations it acquired from KarstadtQuelle AG to post a ‘significant’ net profit next year, according to German daily Frankfurter Allgemeine Zeitung. The profit will be achieved following ‘internal optimisation’, Appel told the newspaper in an interview. He said that he would be satisfied if the KarstadtQuelle logistics operations would break even this year. Appel also confirmed that DHL is still in talks with KarstadtQuelle over the possible acquisition of the retailer’s Neckermann and Quelle logistics operations. ‘We remain interested in principle. The negotiations are under way,’ he said, although he added that ‘one must not overburden oneself’.

The antitrust authorities in Germany have given approval for German postal services provider Deutsche Post to take over the logistics division of troubled German retail and mail order group KarstadtQuelle. The authorities determined that Deutsche Post would not have a market dominating position in the market for transportation of large and individually packaged goods and did not place any conditions on the acquisition. The takeover is to take place on July 1.