Tag: Deutsche Post

Deutsche post expects foreign growth to balance loss of letter monopoly

Posted by | Feb 3, 2005 | |

Deutsche Post has said that it is expecting the current operating income of 2bn euros for its letter service division to remain stable for the long term. Although analysts fear that the profits for the division could fall following the ending of the companys monopoly on letter services at the end of 2007, management explains that the company will compensate for loss of domestic business with gains in international letter activities.

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KfW ups volume of Japanese bond exchangeable for Deutsche Post shares

Posted by | Jan 31, 2005 | |

KfW, the state-owned bank used as a privatisation vehicle by the German government, said Monday it would increase the volume of its five-year Japanese bond exchangeable for shares in the semi-privatised German postal service Deutsche Post to 1.1 billion euros (1.4 billion dollars).

The bond, a so-called Uridashi bond which is debt issued by a non-Japanese borrower in Japan in a currency other than the yen, “met with overwhelmingly positive interest from retail investors in Japan, KfW said in a statement.

“We had announced a target size of 500 million euros. With a final transaction size of 1.1 billion euros, our expectations have clearly been exceeded,” said KfW chief Hans Reich.

The bond matures on February 3, 2010, and will pay an annual coupon of 0.5 percent.

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World Mail, Express & Air Cargo Expo Middle East & Africa to be held in Dubai

Posted by | Jan 26, 2005 | |

Dubai will re-confirm its position as a key global trader in March by hosting The World Mail, Express & Air Cargo Expo Middle East & Africa, the first conference led exhibition of its kind to be staged in the region. Leading global organisations such as Deutsche Post, DHL, FedEx, Emirates Post and Emirates SkyCargo will address major postal, express and air freight issues. A major topic to be covered includes the liberalisation of the postal sector, a mammoth task for an industry which last year delivered 204 billion pieces of mail globally and employs six million people in India alone. Organised by Streamline Marketing and Triangle Management and taking place at the Dubai International Convention Centre from 1-2 March, The World Mail, Express & Air Cargo Expo is being held under the patronage of Sultan Saeed Al Mansoori, the UAE Minister of Communications and Chairman of Emirates Post, who will speak at the opening of the conference.

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Exel surges on talk of bid from UPS

Posted by | Jan 25, 2005 | |

Shares in Exel PLC surged over 4 pct in midmorning deals on speculation the UK transport logistics company could receive a takeover bid from US postal giant UPS, dealers said. Dealers argued such a deal would be logical and noted there are rumours circulating that Deutsche Post could also be eyeing Exel. Analyst Andrew Beh at ING said Exel would be a great fit for both UPS and Deutsche Post. Beh highlighted a report he published back in Nov 2004 which noted the potential for consolidation in the support services sector, with Exel specifically mentioned as a takeover target. ING pointed out consolidation in the sector would most likely involve quoted companies that have been awarded mail licences, such as Hays DX or Business Post Group. Yet the broker added that Exel, as a specialist logistics provider, is looking increasingly isolated.
In short, ING believes the most likely tie-ups will involve Deutsche Post World Net(DPWN)/UPS/Kuehne & Nagel and Exel/Wincanton.

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