Tag: Europe

French post office hopes to enter consumer credit sector

The French post office (La Poste) is believed to have asked the
French finance ministry for permission to extend its range of
financial services to damage insurance and consumer credit. The
ministry is said to be in favour of the insurance proposal, but
opposed to the idea of La Poste’s distributing consumer credit.

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Germany to sell remainder of Deutsche Post

The German government plans legislation to free the sale of its remaining stake in Deutsche Post World Net, the recently-privatized global mail, express and logistics company. The German cabinet is set to approve changes in existing legislation which requires the government to hold a majority stake of 50% plus one share to ensure Deutsche Post provides a full service.

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UK – Eurocargo breakthrough

In early July, ABX LOGISTICS (UK) LIMITED signed an agreement giving it ownership of the European Freight Forwarding Division of Nightfreight International Logistics Ltd.

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