Tag: Deutsche Post

Deutsche Post seen as likely investor in Osterreichische Post

Posted by | May 19, 2004 | |

Deutsche Post, the German national postal service operator, is seen as the favourite to acquire a blocking minority stake in Osterreichische Post, its Austrian counterpart, when the latter undergoes partial privatisation. Osterreichische Industrieholding (OIAG), the Austrian state privatisation agency which currently owns the country’s postal service operator, is expected to give the go-ahead in June for the partial privatisation. According to OIAG, the management of the postal operator will examine, over the next two months, the earnings prospects which each bidder is likely to bring to each division of the group, and a decision will be based on this study.

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Dutch & Germans Ready to Buy Into Austria Post

Posted by | May 18, 2004 | |

The Dutch and German Post Offices are keen to buy into their Austrian counterpart and may do so next month, said press reports on Thursday. The first step would be at a forthcoming supervisory board meeting of the Austrian holding company for state industry (OEIAG), when it was expected to decide on a public offer of 25 per cent plus one share – a blocking minority – of the Austrian Post Office. The reports said the Dutch and Germans both considered the Austrian Post Office an attractive proposition.

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Deutsche Post earnings down

Posted by | May 15, 2004 | |

Deutsche Post, the German postal group, reported first-quarter core earnings down 2 per cent yesterday, largely because of costs associated with its acquisition of Airborne of the US and weakness in its key mail division. The group said the costs of integrating Airborne resulted in its earnings before interest, tax and amortisation falling to EUR 930m (USD1.1bn) in the three months to March, compared with EUR 951m a year ago.

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Deutsche Post rejects idea of selling Postbank to Deutsche Bank

Posted by | May 14, 2004 | |

Deutsche Post, the German postal service operator, revealed yesterday that it would not sell Postbank, its banking subsidiary, to a domestic or foreign bidder, but would go ahead with the subsidiary’s planned flotation. Deutsche Post has thus ended negotiations with Deutsche Bank, Germany’s largest bank which had been interested in acquiring Postbank.

Deutsche Bank will, however, continue to act as lead manager for Postbank’s flotation, together with Morgan Stanley

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