The German government and the state-owned Kreditanstalt fuer Wiederaufbau (KfW) have agreed on the conditions for the transfer of about 5.5 bln eur worth of government-owned shares in Deutsche Telekom AG and Deutsche Post World Net AG to KfW, according to German finance ministry officials.
Read MoreDeutsche Post, the German postal service, is planning to expand its new ‘Packstation’ system, which involves a network of collection boxes for parcels, located in petrol stations and supermarkets. Recipients are informed by e-mail or text message when a parcel has arrived, and can collect their package at any time of the day or night using a customer number and a personal code. There are currently 75 of these boxes in Germany, and Deutsche Post is hoping to raise the number to 650 in 2004.
Read MoreDeutsche Post, Europe’s biggest postal service, has mandated Deutsche Bank and Morgan Stanley to manage the initial public offering (IPO) of its Deutsche Postbank unit in what would be Germany’s biggest flotation for two years.
The sale could raise at least €2.5bn ($3bn, £1.7bn), according to Deutsche Post, and would be the biggest since Deutsche Borse, Germany’s stock exchange, and Fraport, operator of the Frankfurt airport, sold shares to the public in 2001.
Read MoreWhat does $6 billion buy? If you are Klaus Zumwinkel, the visionary management board chairman of Deutsche Post AG, which runs the German post office, it buys you entry into the global express delivery/logistics field at a time when your monopoly profits from Germany’s mail delivery business are coming under increasing pressure from government-driven liberalization and tariff regulation. But a scat at the table is not a license to print money, as Zumwinkel is learning.
Read MoreDeutsche Post will not take a stake or majority in Austrian Post AG as planned. Speculations regarding an interest by the Deutsche Post to acquire the British logistics company Exel, are considered by analysts as unrealistic. “It is very unlikely”, said Raymond Maguire at UBS Warburg in London, explaining that the Deutsche Post does not have enough money to finance such an expensive takeover.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
