Tag: Europe

Eichel says German gov may sell Telekom and Post shares to plug budget hole

Posted by | Jun 26, 2005 | |

Germany’s finance minister Hans Eichel said the government may sell its remaining shares in Deutsche Post AG and Deutsche Telekom AG to help reduce its budget deficit, according to an interview in the Welt am Sonntag newspaper. Asked how he could plug the country’s budget hole, Eichel said: ‘Without pinning myself down, we could sell our stakes in (Deutsche) Telekom and (Deutsche) Post. Of course we will take into consideration share-price developments, that is why we would again park the shares with the (state-owned) KfW bank,’ he told the newspaper. Eichel added ‘we could also sell our stakes in airports which we have not yet sold’.

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UK Royal Mail’s Leighton’s big day

Posted by | Jun 26, 2005 | |

The Department of Trade and Industry is expected to give its verdict this week on a report by the Royal Mail into its finances over the next five years. The dossier was with the DTI before the General Election and will set the scene for the Government’s own review of the future of the Post Office. The DTI is likely to give its seal of approval to the document’s findings.

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DHL to expand logistics centre

Posted by | Jun 24, 2005 | |

DHL is planning to expand its logistics centre in Staufenberg, Germany, due to a rise in demand. The new multi-function centre is to become operational at the beginning of October. The company is to invest 44m euros in its expansion plans, which will lead to the creation of 300 jobs. The expansion of DHL’s logistics capacities is being carried out in direct response to concrete demands from customers for integrated logistics services.

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TNT not participating in sales process of Belgian Post

Posted by | Jun 24, 2005 | |

TNT today announces that it is not participating in the sales process launched by the Belgian Government to sell a minority stake in Belgian De Post/La Poste (‘DP/LP’). TNT has stated in the past that, under the right conditions it would be interested in a stake in the DP/LP. TNT has now stopped investigating the possibilities to enter into a partnership. TNT’s European mail expansion strategy focuses on stepping into attractive postal markets, by building up its own networks and by creating alliances with the incumbent postal operators.

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