Tag: Europe

UPS purchase of LYNX Express is cleared

Posted by | Sep 26, 2005 | |

European Union antitrust regulators approved UPS Inc.’s proposed USD96.3 million purchase of British parcel carrier LYNX Express Ltd. on Monday, saying the deal posed no competition concerns in the European market. UPS announced the deal in July, aiming to expand its presence in Europe. UPS said the deal is expected to close by the end of the year. The European Commission said the transaction “would not significantly impede effective competition,” adding that LYNX’s domestic and international delivery services did not overlap with the European operations of Atlanta-based UPS. LYNX Express, based in Nuneaton, England, is majority owned by the private equity firm Bridgepoint Capital Ltd.

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Preference Service bought out by IPT

Posted by | Sep 26, 2005 | |

IPT is merging The Preference Service, the lifestyle data company it acquired last month, with its own postal data side under a new division called IPT Postal. Thomas Adalbert, former MD of The Preference Service, will lead the new division.The lifestyle survey brand Postal Preference Service will disappear.
IPT, led by chairman Lionel Thain, acquired the entire issued share capital of The Preference Service, valued at GBP4.3m. The Preference Service was majority owned by the UK and Dutch Post Offices, with a database of four million households and 0.35 million email records.

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Deutsche Post suspected by regulator of abusing dominant market position

Posted by | Sep 26, 2005 | |

Deutsche Post AG is suspected by Germany’s Federal Networks Agency regulator of abusing its dominant market position and may face a formal investigation on the matter, the Frankfurter Allgemeine Zeitung reported, citing an internal agency memo it obtained. The newspaper also wrote that numerous private mail delivery companies complained that Deutsche Post was hindering their ability to enter the market for collecting and sorting letters. A Deutsche Post spokesman denied it was hindering competition when contacted by the newspaper.

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French banks ask for right to distribute National Savings

Posted by | Sep 26, 2005 | |

Four French banks – Societe Generale, BNP Paribas, Credit Agricole SA and Groupe Banque Populaire – have written to the French prime minister, Dominique de Villepin, offering to distribute France’s national savings account, Livret A, for a deposit-based commission of only 0.8 per cent. The account, whose deposits are used to fund French social housing projects, is currently available only via the French post office, La Poste, and the French co-operative bank Caisse d’Epargne.

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Portugal CTT to launch e-mail service

Posted by | Sep 26, 2005 | |

Portugal’s postal operator CTT-Correios de Portugal plans to launch a new e-mail service. CTT’s new e-mail box, called Caixa Electronica Postal, will be available as of the first quarter of 2006, the company’s chairman, Luis Nazare, said. Caixa Electronica Postal will be the first product in the segment of the digital services of CTT, Nazare added. Initially, CTT will distribute a total 5,000 e-mail boxes to clients in the country’s public administration sector. The company targets later each Portuguese national to use CTT’s e-mail box. According to the company, the service will be free for the citizens in the country. Apart from the new e-mail service, CTT is currently studying the opportunities to enter also the segment of hybrid mail services.

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