Tag: France

TNT receives binding offer and Management Buy-Out offers for majority of activities of its French logistics business unit

Posted by | Oct 18, 2005 | |

TNT NV announced today that it has received a binding offer from French logistics and transport company Norbert Dentressangle to purchase from its French logistics subsidiaries TNT Logistics Holdings SAS and TNT Logistics France SARL the majority of the contract logistics activities and part of the transportation activities. Additionally, Management Buy-Out offers have been received for most of the remainder of the transportation business of the French Logistics business unit. TNT Logistics France SARL has invited the Works Councils of the involved French companies to meet in the next weeks to inform and to consult them about these offers. TNT NV announced on 29 July 2005 that it estimated the total loss relating to the sale and refocus of the French Logistics business unit to be up to EURO 140 million pre-tax, to be booked largely in 2005, and reiterates this guidance on the basis of these offers. At this moment no further details about the offers can be disclosed.

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La Poste reveals staff figures for banking arm

Posted by | Oct 15, 2005 | |

La Poste has revealed that its new banking subsidiary Banque Postale will employ around 900 people currently working for the group. Another hundred or so will be drafted from other La Poste subsidiaries and will occupy legal roles. The 900 or so workers coming from La Poste itself will be divided between commercial and management activities. Banque Postale is due to become operational on 1 January 2006.

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Deutsche Post CEO Zumwinkel disappointed with DHL integration in France, UK

Posted by | Oct 13, 2005 | |

Deutsche Post AG chief executive Klaus Zumwinkel said he is disappointed with the integration of DHL in France and the UK, according to an interview to be published in Handelsblatt tomorrow.

But Zumwinkel said he has taken steps to speed up the process, including sacking the head of UK operations.

Deutsche Post acquired DHL in 2002, and has successfully completed the integration of the unit at its German and Dutch operations.

The matter is significant because Deutsche Post must now focus on integrating Exel Plc, which it agreed to acquire for 5.5 bln eur last month.

Overall, Zumwinkel said Deutsche Post’s biggest upcoming challenge will be to ensure that its logistics operations grow at the same pace as the overall market.

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GeoPost lips zipped as Begle quits

Posted by | Oct 10, 2005 | |

French parcels carrier GeoPost was tight-lipped at the weekend about the surprise departure of Claude Begle, chief executive of Geopost International Management and Development, for arch rival DHL Express. Geopost, a subsidiary of French postal organisation La Poste, declined to say when and why he had left the company. Journalists were referred to the announcement made by DHL last Monday concerning Mr Begle’s appointment as chief operating officer for DHL Express Germany and DHL Express Central Europe. The communications manager for GeoPost, Marion Egal, would say only that it was Mr Begle who had chosen to leave the company and not the company which had decided to dispense with his services. She added that the company’s management team would be reorganised as a result of the departure and an announcement regarding this would be made ‘a bit later’. ‘Our feeling here is that GeoPost management are handling the situation as it is,’ she said, ‘International development is going on.’

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French La Poste net profit at 550 Mln Euro H1 2005

Posted by | Oct 6, 2005 | |

French national post office La Poste registered a 550 mln euro (USD663.14 mln) net profit for the first half of 2005, up 43 pct year-on-year, it was reported on October 6, 2005. The operating profit rose to 841 mln euro (USD1.013 bln) from 595 mln euro (USD717.39 mln). The turnover went up by 3.9 pct to 9.817 bln euro (USD11.836 bln) from 9.449 bln euro (USD11.393 bln). Calculated at constant exchange rates and on a like-for-like basis the turnover increased by 3.4 pct year-on-year, the group noted. La Poste’s financial services registered a 1.1 pct year-on-year increase of their net banking income to 2.15 bln euro (USD2.59 bln).

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