Tag: Europe

Agence France has reported that “investor interest in the flotation of the German post office, Deutsche Post, has dwindled.” Only eight percent of those polled by market research institute Institut fuer Sozialforsch the proportion of investors who hoped to buy additional Deutsche Post shares after the initial allocation had shrunk to five percent from nine percent.The flotation of Deutsche Post on November 20 was originally expected to be one of the biggest listings in Europe this year.

According to one opinion writer in the Financial Times, “Deutsche Post’s high-spending acquisition spree is designed to turn the German post office into a large global logistics player. It is the talk of the industry, yet the company’s chief executive, Klaus Zumwinkel, unexpectedly concedes that the calibre of his added-value logistics offering might not measure up to the competition.”