Tag: Deutsche Post

Teamsters meet with German union ver.di to build working relationship

Posted by | Jun 21, 2004 | |

Teamsters and German union ver.di leaders will hold an historic meeting on Monday in Cologne, Germany, in the wake of the recent merger of Deutsche Post-owned DHL and Airborne to discuss common issues.

Teamsters General President James P. Hoffa said the meeting will strengthen the relationship between ver.di, which represents DHL workers in Germany, and the Teamsters, who represent more than 10,000 workers at DHL Express in the U.S.

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Deutsche Post retreats as deal fails to deliver

Posted by | Jun 21, 2004 | |

Deutsche Post World Net AG moved the initial public offering of Deutsche Postbank AG to Wednesday after an internal memo of Deutsche Bank valuing the Deutsche Post unit at between 4.4bn and 5.3bn was released prior to the roadshow and official subscription period for the IPO.

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German Deutsche Post blames memo leak for IPO delay

Posted by | Jun 20, 2004 | |

Deutsche Post has blamed the leak of a Deutsche Bank internal memo in part for the delay in its initial public offering and its decision to cut share prices of its Postbank subsidiary.

Deutsche Post CEO Klaus Zumwinkel told reporters in Frankfurt that a Deutsche Bank memo on Postbank’s valuation leaked to the media had “quite some” impact on the decision.

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Deutsche Post puts off IPO of Postbank subsidiary

Posted by | Jun 19, 2004 | |

Deutsche Post said it would extend the subcription period for the initial public offering of a stake in its Postbank subsidiary by two days and cut the price for the shares in Germany’s largest retail bank.

The date for the shares to begin trading was pushed back to Wednesday, instead of Monday, with the subscription period ending Tuesday.

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