Dutch TNT Plans Taking Over German PostCon
Dutch mail and express deliveries group TNT NV plans to take over a majority stake in PostCon AG, a consortium of customers of German postal services group Deutsche Post AG, it was reported on July 28, 2006.
TNT has already registered for the takeover through its German subsidiary TNT Post Holding GmbH, the German Federal Cartel Office told German daily Die Welt.
TNT (www.tnt.com) expects the decision of the Cartel Office, scheduled for August 2006, to be positive, on grounds of the Deutsche Post’s market dominating position, according to the report.
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