Tag: Deutsche Post

BAX Globals Plan in Action

Posted by | Apr 22, 2002 | |

BAX Global is scrapping its former heavyweight integrated air model in favor of a lower-cost, mode-neutral plan it hopes will put the company on a consistent and profitable track, something it hasn’t achieved in a long time.

Eighteen months into a three-year plan to shift the focus from its domestic airline to an army of lower-cost trucks to move customers’ high-priority, heavy-weight shipments, the Irvine, Calif.-based company is showing some signs of success.

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Deutsche Post prepares for US acquisitions

Posted by | Apr 22, 2002 | |

Deutsche Post AG, the German postal service operator, is believed to be planning acquisitions in North and South America. It is thought to be planning to expand Danzas and DHL, its subsidiaries, by targeted acquisitions, and has put aside around 150m euros to invest in these businesses.

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Securicor set to gain from tax changes

Posted by | Apr 22, 2002 | |

Proposed changes to the capital gains tax regime are likely to open the way for Securicor to withdraw from a distribution joint venture with Deutsche Post, without incurring a tax charge of up to Pounds 100m.
The security services group has an agreement with Deutsche Post whereby it can force the German group to acquire its 50 per cent stake in 2004.
This would be for fair value plus a premium for control, and would not incur a capital gains tax charge.

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Deutsche Post aims to strongly increase US market share

Posted by | Apr 21, 2002 | |

Deutsche Post World Net AG said it wants to strongly hike its US market share from the present level of 5 pct in the next three years and is interested in acquiring medium sized companies there.
Speaking in an interview with Boersen-Zeitung, chief financial officer Edgar Ernst said Deutsche Post is not interested in building up a full network in the US, similar to that of UPS.

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