Deutsche Post and TPG have both expressed their interest in the Belgian postal service, which is set to be partially privatised. The Belgian government has appointed Morgan Stanley for the search for a strategic partner. Deutsche Post chairman Klaus Zumwinkel sits on the Morgan Stanley board, which worked together with Deutsche Bank to float Postbank on the stock market.
Read MoreDeutsche Post AG said it is considering bidding for a stake in Belgian postal company La Poste.
‘We are looking at this possibility,’ a Deutsche Post spokesman said, adding a decision has not been made yet.
The Belgian state said today it has started its search for a strategic partner for La Poste.
The future partner is invited to take ‘a significant equity interest’ in the company, but the Belgian state will remain majority shareholder.
Morgan Stanley has been appointed advisor for the deal.
Read MoreDeutsche Post AG has confirmed it is in talks to buy the logistics operations of troubled retail group KarstadtQuelle AG. ‘We have made an offer, but a contract has not been signed yet,’ a Post spokesman said. A Karstadt spokesman also confirmed a deal is in the offing. ‘The negotiations are well advanced,’ he said, but declined to comment on when the deal might go through.
Read MoreDeutsche Post AG has submitted a request to the German cartel office to buy the logistics operations of troubled retail group KarstadtQuelle AG, according to a statement on the cartel office’s website. Deutsche Post submitted its request on Dec 1, the statement said.
Read MoreDeutsche Post World Net AG should pay value-added tax on letters it delivers, just like its privately owned rivals, the state of Hesse’s economy minister Alois Rhiel said.
Rhiel said he will formalise the demand at a meeting of Germany’s state economy ministers in Berlin on Wednesday and Thursday.
He told DPA that fair competition will create jobs and reduce postal fees.
Deutsche Post’s monopoly and its privileged tax position mean that private companies have little chance to compete. Even in areas where competition is theoretically possible, Deutsche Post still controls 88 pct of the market, Rhiel maintained.
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