Tag: Deutsche Post

Deutsche Post to gradually give up own outlets

Posted by | Jun 19, 2008 | |

Deutsche Post World Net AG. plans to gradually give up running its own postal service outlets over the coming years to reduce costs, a spokesman for the company said, confirming an earlier report in German newspaper Westfalen-Blatt.

But the spokesman said that the branches will not be closed. Instead, they will be run as ‘partner branches’, which are commonly integrated into retail stores.

The company previously said it will retain about 100 of its 750 own branches.

There are some exceptions, though, the spokesman said, in places where there is no retail outlet or gas station that could house a postal service desk.

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German government to make preliminary decision this summer on Postbank sale

Posted by | Jun 18, 2008 | |

The German government is expected to make a preliminary decision this summer with regard to the sale of Deutsche Post AG.’s banking unit Deutsche Postbank AG, according to a prerelease of Handelsblatt, citing government sources.

It said German Finance Minister Peer Steinbrueck will meet with Deutsche Post CEO Frank Appel in the summer and the latter is expected to inform the minister who should be the buyer of Postbank.

The state-owned development bank KfW Bankengruppe holds 30.50 percent stake in Deutsche Post, which in turn owns 50 percent plus one share in Postbank.

Handelsblatt said today Deutsche Post is expected to make an official invitation next week to interested parties to participate in the bidding process.

Deutsche Post and Postbank declined comment to the newspaper.

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Deutsche Post plans to sell all remaining post offices by 2011

Posted by | Jun 16, 2008 | |

Deutsche Post plans to sell off all its 750 remaining post offices by 2011 and will then have a retail network of 13,500 outlets operated completely by private partners or its Postbank subsidiary. It has previously planned to retain about 100 “flagship” outlets as an in-house operation.

A company spokesman confirmed German media reports about the post office sales, stressing that the local branches would not be closed but taken over by private retail partners. The 2,000 post office staff affected by the disposal would be transferred to other jobs within the group.

Deutsche Post’s head of mail, Jürgen Gerdes, said in a statement that the German postal operator was committed to extending its network, improving its service and adding more products while keeping its retail network costs under control.

Deutsche Post, which is legally obliged to operate a minimum network of 12,000 postal outlets, currently has about 13,500 outlets. Over the last decade it has started to divide up the network into a three-tier structure with full-service “flagship” post offices, full-service postal counters within retail stores, and streamlined postal services offered by private partners.

There are currently about 1,600 “flagship” outlets. Of these, 850 are former post offices in top locations sold to financial services subsidiary Postbank in 2006 and re-branded as “Postbank Finanzcenters”, offering a full range of banking and postal services. The other 750 Deutsche Post-operated post offices, often in secondary locations, are those planned to be disposed of.

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Deutsche Post CEO says in no rush on Postbank

Posted by | Jun 15, 2008 | |

Postbank owner, Deutsche Post, is in no hurry to reach a decision on a possible sale of the German retail bank, Chief Executive Frank Appel told Reuters in an interview.

‘I don’t feel any rush or haste. I will decide according to what is best for Deutsche Post, but also for Postbank,’ Appel said on Saturday during a trip to China with German Foreign Minister Frank-Walter Steinmeier.

Postbank, the country’s biggest retail bank, is up for sale and its owner has invited expressions of interest. Sources familiar with the matter told Reuters last week that if offers are good enough, Deutsche Post will push ahead with a sale within weeks.

Deutsche Bank has flagged interest in Postbank, as have Allianz and Commerzbank, which are making a joint approach. They would plan to swallow Postbank into a newly created group that would include Allianz’s Dresdner Bank.

Asked about the possibilities on the table for Postbank, Appel said: ‘We are sounding out options and are not participating in any speculation.’

Appel was participating in a three-day trip with Steinmeier to China, where Deutsche Post’s delivery arm DHL express is moving to strengthen its foothold in the fast-growing market.

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Deutsche Post to gradually give up own outlets

Posted by | Jun 13, 2008 | |

Deutsche Post World Net AG. plans to gradually give up running its own postal service outlets over the coming years to reduce costs, a spokesman for the company said, confirming an earlier report in German newspaper Westfalen-Blatt.

But the spokesman said that the branches will not be closed. Instead, they will be run as ‘partner branches’, which are commonly integrated into retail stores.

The company previously said it will retain about 100 of its 750 own branches.

There are some exceptions, though, the spokesman said, in places where there is no retail outlet or gas station that could house a postal service desk.

Read More

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