Deutsche Post World Net AG is considering buying a 25 pct stake in Danish postal service Post Danmark, Deutsche Post management board chairman Klaus Zumwinkel said at a news conference after the release of first-half results.
Deutsche Post is participating in the bidding process for Post Danmark, he said.
Read MoreDeutsche Post, the German postal service operator, has confirmed that it is examining the viability of its small post offices. Market experts are speculating that up to 1,000 post offices might be closed down and will be partly replaced by postal agencies based at food shops, while German trade union Verdi believes that up to 1,700 post offices might be shut down.
Read MoreDeutsche Post World Net AG is set to disclose Friday that its first-half EBITA had a boost of about 70 mln Eur as a result of the IPO of banking arm Postbank AG last month, analysts polled by AFX News said.
First-half EBITA is predicted to be in the range of 1.60-1.66 bln Eur compared with 1.47 bln a year earlier, with sales at 21.06-21.13 bln against 19.2 bln.
Read MoreDeutsche Post AG said it plans to close several hundred of its smallest outlets throughout Germany as part of a cost-cutting program the company initiated in 2002.
Service from the closed outlets will be moved to franchises in supermarkets, news stands and other stores, the company said. Closing these businesses will not lead to any job losses, spokesman Juergen Blohm said
Read MoreGerman postal services company Deutsche Post AG has saved some 500 mln Euro (USD606.9 mln) since it introduced a cost-cutting program in October 2002, aiming to reduce its costs by at least 1.4 bln Euro (USD1.699 bln) by the end of 2005, the company said on July 27, 2004. Following the program, Deutsche Post aims to achieve annual savings in the three-digit millions of euro, mainly through flexible working hours and a combined delivery of letters and parcels.
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