Deutsche Post World Net AG unit DHL said it has won a 5-year contract to handle warehousing and distribution for Deutsche Telekom AG units T-Mobile and T-Com, beginning Sept 1. No financial details were disclosed. DHL and Deutsche Telekom have been cooperating on logistics operations since 2000.
Read MoreThe KfW Bankengruppe said it bought a 12.7 pct stake in Deutsche Post World Net AG from the government for 1.7 bln eur. Last Monday, the Frankfurter Allgemeine Zeitung reported that the government would transfer approximately a 12 pct stake in Deutsche Post KfW to KfW for 1.7 bln eur. KfW later confirmed it would receive a 12 pct stake, but did not disclose how much it would pay. The deal increases KfW’s stake in Deutsche Post to about 48.8 pct from 36.5 pct, it added.
Read MoreThe German government is to reduce its stake in mail carrier Deutsche Post to 8 per cent in a transaction that gives a federal bank, KfW, 48.5 per cent of the stockmarket-listed logistics group. KfW confirmed Monday the sale would go through this month. Berlin had been widely expected to force-march the privatization of the former post office since it needs to reduce net public borrowing. Originally set up as a post-war reconstruction fund, KfW is regularly used by the government as a halfway house in privatizations, as it can wait till prices improve before passing the shares on to private buyers. Its assets do not count as state-owned. A spokeswoman at KfW confirmed the price to be paid in this month’s transaction would be 1.7 billion euros. At present KfW owns 36.5 per cent of Post, which has absorbed the DHL courier group into its overall brand, Deutsche Post World Net.
Read MoreDeutsche Post report of current international letter price comparison.
Compares: Belgium / Denmark / France / Germany / Italy / Netherlands / Norway / Republic of Ireland / Spain / Sweden / Switzerland / UK / Austria / Finland / Greece / Luxembourg / Portugal /
P:LibraryPostalLetter prices in Europe Dpost report.pdf
Selekt Mail, a joint venture between Deutsche Post and the Dutch company Wegener, has won a major contract put out by Holland´s largest mail order group, the Neckermann Group Netherlands. Starting immediately, Selekt Mail has been named Neckermann´s exclusive partner for the delivery of catalogs and direct mail in Holland.
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