Tag: Deutsche Post

Deutsche Post bid rumours lift Exel

Posted by | Apr 9, 2005 | |

Shares in Exel hit a three-year high, up 5 per cent at 894 1/2p for the week, on rumours the logistics group could face a bid from Deutsche Post. Traders became excited after Europe’s largest postal group said it would seek to more than triple the number of shares it could issue to fund potential acquisitions. But though there was some substance to the speculation, with trading volume for Exel on Monday more than twice the daily average, shareholders should note that just last month a DP executive told the Financial Times the company was not interested in such a deal.

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Deutsche Post cancels legal action

Posted by | Apr 6, 2005 | |

In a surprise move, Deutsche Post has cancelled its legal action against the private mail service Turbo P.O.S.T. GmbH concerning the use of the term “post”. The post wanted to obtain a court order banning the private operator from trading under the name “post”.

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German Deutsche Post plans to triple share issue

Posted by | Apr 5, 2005 | |

Deutsche Post will seek to more than triple the number of new shares it can issue to fund possible acquisitions at Europe’s largest postal group. The German company will ask its annual meeting to approve plans for up to 250m new shares – worth about EUR4.65bn (USD6bn) on current share prices – to be issued over the next five years if needed.

The move has refuelled speculation that it may make a move on Exel, the UK logistics company, but a senior executive at Deutsche Post told the FT last month that it was not interested in such a deal despite its relative weakness in that business area.

Company officials said yesterday that the authorisation from shareholders was being sought as a “precautionary measure”.

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Germany has no plans now to hand Telekom, Deutsche Post shares to KfW

Posted by | Apr 4, 2005 | |

The German government currently has no plans to transfer further shares in Deutsche Telekom AG and Deutsche Post World Net AG to KfW Bankengruppe, sources said. However, if required, the government may sell some shares later on this year, sources told dpa-AFX news agency. The last such transaction was in January, when KfW bought a 12.7 pct stake in Deutsche Post World Net AG from the government for 1.7 bln eur, raising its total stake to 48.8 pct.

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Post offices target key role in financial services delivery

Posted by | Apr 1, 2005 | |

Given postal service operators’ extensive branch networks, the provision of financial services is a natural choice for those operators seeking to diversify their revenue streams and fulfil government obligations to provide universal banking services. New research from VRL Publishing* reviews the evolving role played by post offices in the distribution of retail financial services and the opportunities and threats posed to traditional bank providers.

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