8 July 2002 Deutsche Post through its Dutch subsidiary VGL has bought a majority stake in Interlanden BV, an unaddressed mail and marketing unit from publishing group Wegener NV.
Read MoreJuly 5 2002 Deutsche Post, the German postal service, is to acquire a further 25 percent in DHL International, in which it already holds a 50.64 percent.
Read MoreSending parcels via Deutsche Post World Nets Euro Express network is set to become easier: The two pan-European, standardised international products and will be joined by their almost identically named domestic counterparts in the course of the year. The introduction of the domestic pan-European standard products and will help to optimise processes and leverage synergies within the network. Customers will benefit from far easier preparation for dispatch. The standardised Europremium product replaces as many as twenty different parcel products.
Read MoreDeutsche Post, the German postal service operator, is unwilling to reduce postage charges as a means of avoiding a possible repayment of 572m euros to the German state.
Read MoreThe new issues pipeline was hit by news that Deutsche Post, the German mail operator, decided to postpone the roadshow for its debut benchmark bond deal worth ý1bn which it intended to place on the market in the coming weeks.
The roadshow was postponed after the European Commission on Wednesday confirmed it would have to pay back ý572m to the State of Berlin after it used the state aid to subsidise some of its lossmaking businesses.
Bankers now expect the deal, which carries an Aa3 rating by Moody’s Investors Service, to happen either in July or September.
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