Greek Piraeus Bank IT subsidiary Evision has completed the sale of its 66 pct stake in courier company Interattica Parcel Service Network for 2.7 mln euro (USD3.15 mln), it was reported on January 20, 2006. The stake was sold to French rival GeoPost, following a preliminary agreement signed in late-2005.
GeoPost plans to acquire a total of 86 pct in Interattica through share purchases from other shareholders as well.
Newly created Banque Postale, a unit of French post office La Poste, said it aims to increase its client base by 25 pct by 2010, to 10 mln clients, and that it will launch a line of life insurance products. The bank was created Jan 1 from La Poste’s financial services activities after it was authorised to engage in additional banking services amid opposition by French commercial banks.
Read MoreUnited Parcel Service, Inc. said Wednesday it would offer overseas letter delivery to its package customers in Europe. The company would offer the new letter service in February – expanding a test project begun in Britain to Germany, France, Belgium and the Netherlands, UPS spokesman Georg Leusch said from the company’s German offices in Neuss. “The numbers there have far exceeded our plans,” he said. Leusch said letters would be collected unsorted in mail bags from customers and forwarded to foreign destinations by UPS’ partner, Swiss Post International.
Read MoreTNT NV said it has agreed to sell its Logistiques Ladoux business to French cargo transport operator Malherbe for an undisclosed amount. The disposal, together with the sale last month of TNT’s contract logistics activities and part of the transportation activities of its French subsidiary TNT Logistics Holdings to Norbert Dentressangle, represents about 90 pct of the TNT Logistics France unit. As previously announced, the expected negative financial impact relating to the sale and the refocus of the French logistics business will be up to 140 mln eur before tax, to be booked largely in 2005.
Read MoreThe district court in Nanterre, near Paris, has suspended the restructuring plan of Chronopost, the express parcel subsidiary of the French post office, La Poste. The court found irregularities in the way in which the Chronopost works council was informed about the plan, which includes 540 job cuts.
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