Tag: Deutsche Post

Deutsche Post intends to float its shares in seven European countries

Agence France Presse has reported that Deutsche Post intends to float its shares in seven European countries. Shares should go on sale November 6 in Austria, Britain, Germany, Italy, the Netherlands, Spain and Switzerland. Weak sales on the French stock exchange in July 1999 and June 2000 from stocks of Deutsche Telekom has prompted Deutsche Post to avoid France.

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Deutsche Post set for £12bn European flotation

The British newspaper, the Independent has reported that “Between a quarter and a third of the German postal monopoly is being sold off and retail offers will take place in seven European countries including Germany and the UK. The privatization of Deutsche Post will put further pressure on the UK’s Post Office, already facing increased competition from overseas.

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