Promoting effective competition in UK Postal Services
Promoting effective competition in UK Postal Services
Read MorePromoting effective competition in UK Postal Services
Read MoreThe German post office is likely to apply for a licence to collect business mail in the UK following the publication of plans to open the market to competition.
Deutsche Post is the largest in a group of postal and distribution companies thought to be queueing to enter previously closed parts of the UK market now that the regulator, Postcomm, is to end the postal delivery monopoly held by Consignia, formerly the Post Office.
Germany’s Regulatory Agency for Telecommunication and Posts (RTP) plans to introduce a new price-capping procedure to address concerns about the pricing policy of postal services group Deutsche Post AG, Handelsblatt has learned.
RTP vice-president Gerhard Harms said the details of the procedure, the conditions that must be followed, will be decided shortly. The approval for current prices runs out at the end of 2002.
Lazard, the investment bank, has been hired by the government to advise on the restructuring of Consignia, the renamed Post Office. The bank’s mandate is to review the restructuring plan put forward by Consignia’s board. It will also advise the government on companies that bid to take over parts of the post-office operation.
Read MoreThe globally operating US transport and logistics group U-Freight has acquired a 50% stake in Shanghai Rijin International Freight Co. Ltd., thereby strengthening its presence in China.
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