Tag: Europe

Norway Post makes offer for OptiMail AB

Posted by | Nov 22, 2005 | |

The Norwegian postal services provider Posten Norge AS (Norway Post) announced on Tuesday (22 November) a public bid for all outstanding shares in the Swedish letter and logistics company OptiMail AB. The offer was made through Norway Post’s wholly-owned Swedish subsidiary CityMail Sweden AB. Norway Post currently controls 21.3% of the share capital of OptiMail AB. The offer amounts to SEK18.75 in cash per share, which represents a premium of 37% and values OptiMail at a total of SEK236m.

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UPS Bulgarian unit investing 1.5 Mln Euro in office and warehouses

Posted by | Nov 22, 2005 | |

In Time, a Bulgarian unit of US courier giant UPS, is investing three million levs (USD1.8 million/1.5 million euro) in its own office building and warehouses to reinforce logistics services, a company official said on Tuesday.
The company is building the facility near the airport in the capital Sofia and hopes to complete it at the beginning of next year, In Time head Zheni Belopitova told reporters. In Time has been operating in rented premises in Sofia since 1990 when it entered the Bulgarian market. The company saw its turnover rising by an average 20% every year in the past 15 years, Belopitova said.

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French post office staff to elect board representatives today

Posted by | Nov 22, 2005 | |

Employees of the French post office, La Poste, will today elect a total of seven representatives to the organisation’s board of directors for a five-year term. The successful candidates, drawn from a list presented by La Poste’s unions, will be announced on Friday. Then, on December 19, the newly-elected board will vote for a chairman.

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Online stores expect bumper Christmas sales

Posted by | Nov 22, 2005 | |

Online shopping is expected to increase by more than 40 per cent this year compared with last Christmas in a sign that the rapid growth of e-commerce is not yet starting to subside. The expected rise is in sharp contrast to the subdued outlook for high street retail sales. And threats to one of the main competitive advantages of online retailers – lower prices – are not seen as likely to derail that growth. Interactive Media in Retail Group, the industry body for “e-tailers”, expects 24m British shoppers will spend Pounds 5bn online this Christmas, an average of Pounds 208 each. That is up from Pounds 3.5bn spent online last Christmas and represents an acceleration of the online shopping growth rate. Last Christmas year-on-year growth was 20 per cent.

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Norway Post buys Swedish food logistics group Frigoscandia

Posted by | Nov 21, 2005 | |

Norway’s state-owned postal service, Norway Post, on Monday announced an agreement to buy Sweden’s Frigoscandia, a regional supplier of temperature-controlled transport of food and other products. Under the agreement, which requires Norwegian and Swedish regulatory approval, the companies withheld the purchase amount. Frigoscandia employs about 1,000 people at 24 special warehouse facilities in Norway, Sweden and Denmark. Its turnover in 2004 was more than 2 billion Swedish kronor, about USD245 million or EUR208 million.
“Norway Post is facing increased competition in a range of areas and this acquisition will strengthen our position in the domestic market too,” said Klaus-Anders Nysteen, acting head of Norway Post.

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