Tag: Deutsche Post

Danish state to sell 25 pct stake in Post Danmark to CVC Capital

Posted by | Mar 16, 2005 | |

Transport minister Flemming Hansen is close to selling 25 pct of the state’s shares in the postal service, Post Danmark, to UK-based CVC Capital Partners, daily Berlingske Tidende reported without citing any sources. It also said CVC Capital Partners is expected to pay between 1.0-1.5 bln dkr for the stake in Post Danmark. None of the parties wished to comment on the report but the daily said the agreement is already in place and has now been sent to the government’s coordinating committee. The remainder of the sales process is considered a formality, it added. Deutsche Post AG and TPG NV had also submitted offers for the 25 pct stake, but according to Berlingske Tidende, their bids were lower than that of CVC.

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Deutsche Post/Bayerische Landesbank’s Transoflex sold to Odewald & Cie

Posted by | Mar 16, 2005 | |

Odewald & Cie will purchase Deutsche Post World Net AG and Bayerische Landesbank’s stakes in Transoflex for roughly 200 mln eur, the Financial Times Deutschland reported citing industry sources. Deutsche Post holds 24.8 pct of the freight company and Bayerische Landesbank owns 75.2 pct. Deutsche Post wants to sell its holding because cartel authorities blocked it from acquiring all of Transoflex. All three parties declined to comment on the matter FTD said.

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Deutsche Post abandons Austrian Post takeover

Posted by | Mar 14, 2005 | |

German postal company Deutsche Post has abandoned its plans to take over Austrian sector company Oesterreichische Post AG (Post) as the political framework over Post partial privatisation is still unclear, Deutsche Post said on March 14, 2005.

In July 2004 German media reported that Deutsche post had given an ultimatum to the Austrian government, which was later denied by the German company.

Recently Austria has proposed Post privatisation via the stock exchange.

Post largest shareholder state-owned holding company OeIAG sees the future of the postal company either listed on a stock exchange or managed jointly with a strategic partner like Deutsche Post.

The OeIAG supervisory board is not expected to discuss the Post privatisation at its meeting on April 7, 2005.

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Sun Micro, Deutsche Post to step up cooperation on IT projects

Posted by | Mar 11, 2005 | |

Sun Microsystems Inc and Deutsche Post World Net AG said they plan to step up their cooperation on a range of IT projects as the German mail carrier increases its use of Java software code.

The two firms will sign a contract this afternoon at CeBIT to seal their strategic partnership.

Both firms declined to comment on the volume of the deal.

Deutsche Post has an annual information technology budget of 2.3 bln eur.

Sun Micro has similar partnerships with Deutsche Telekom AG and Vodafone Group PLC.

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