Tag: Europe

Denmark favours CVC Capital for Post talks

Posted by | Mar 18, 2005 | |

CVC Capital Partners, the UK private equity company, yesterday made clear its intention to play a leading role in a consolidating European postal sector after entering exclusive talks to buy 25 per cent of Denmark’s postal service.
The decision by the Danish ministry of transport and energy to favour CVC dashed the hopes of rival European mail groups. TPG, of the Netherlands, and Germany’s Deutsche Post had both submitted bids for Post Danmark. The Dutch company considered the stake critical as European markets are slowly opened to foreign predators. CVC said it had “substantial capital resources to provide Post Danmark with a strong platform for acquisitions and strategic alliances”, throwing down the gauntlet to mail groups as European governments weigh liberalisation.

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Deutsche Post says will not increase bid for Post Danmark

Posted by | Mar 18, 2005 | |

Deutsche Post AG said it will not increase its bid for the Danish postal service Post Danmark. The move comes after the Danish government announced it wants to sell its 25pct of the state’s shares in the postal service to UK-based CVC Capital Partners. ‘We respect the decision of the Danish government,’ a Deutsche Post spokesman said. ‘However, we will not increase our offer,’ he added.

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TPG drops from race for 25 pct in Post Danmark

Posted by | Mar 18, 2005 | |

TPG NV dropped out of the race for a 25 pct stake in the Danish national postal operator Post Danmark, TPG spokesman Tanno Massar said on March 18, 2005. Danish state, the owner of Post Danmark, will negotiate exclusively with the British equity fund CVC Capital Partners (CVC). The talks are to be completed in April 2005.

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UK Postcomm proposes new codes of practice for a competitive market

Posted by | Mar 18, 2005 | |

Postcomm today began consulting on a number of measures to ensure the fully competitive multi-operator postal market, which comes into effect next January, will operate smoothly and efficiently. Postcomm’s proposals involve all licensed operators meeting common standards to safeguard the mail in their charge from theft, damage or interference. Separately, Postcomm is proposing common operating procedures to ensure such things as letters marked “return to sender” and customer service enquiries are handled by the appropriate operator.
Nigel Stapleton, chairman of Postcomm said: “Customer confidence is an essential pre-requisite for a competitive postal market. In preparation for full market opening Postcomm is today issuing two consultation documents – on mail integrity and on common operating procedures — which we believe will secure that confidence.”

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Royal Mail rival picks stamp printer

Posted by | Mar 17, 2005 | |

Unique ID has printed a new business mail `stamp’ for private mail company DX Services. The stamp, the first contender to Royal Mail’s, will be trialled in Scotland and Ireland from next month. It will cost 28p, the same as a Royal Mail first class stamp, and DX said it will guarantee postal delivery before the next business day.

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