Tag: France

Deutsche Post mulling bid for stake in Belgium’s La Poste

Posted by | Dec 8, 2004 | |

Deutsche Post AG said it is considering bidding for a stake in Belgian postal company La Poste.

‘We are looking at this possibility,’ a Deutsche Post spokesman said, adding a decision has not been made yet.

The Belgian state said today it has started its search for a strategic partner for La Poste.

The future partner is invited to take ‘a significant equity interest’ in the company, but the Belgian state will remain majority shareholder.

Morgan Stanley has been appointed advisor for the deal.

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Belgian govt seeks partner for national post service La Poste

Posted by | Dec 8, 2004 | |

The Belgian state said it has started its search for a strategic partner for the country’s post service La Poste.

‘Following a decision taken by the Belgian state in October 2004 — that La Poste will seek an alliance with a strategic partner — the Belgian state has decided to formally launch the process for such a strategic partnership,’ said the ministry of state-owned enterprises in a statement.

The future partner is invited to take ‘a significant equity interest’ in the company, but the Belgian state will remain majority shareholder.

The part-privatisation will lead to the ‘strengthening of La Poste’s financial situation, the strengthening of its core business activities and the assistance in the overall modernisation’.

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French competition authority reduces La Poste fine

Posted by | Dec 3, 2004 | |

The French competition authority, Conseil de la Concurrence, has reduced by 90 per cent the fine imposed on the French post office, La Poste, for anti-competitive practices. The regulator has decided that La Poste, which was found guilty of thwarting competition by granting discounts to corporate customers, should pay a smaller fine because it has agreed to change its practices.

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La Poste to sell tickets for SNCF

Posted by | Dec 1, 2004 | |

La Poste, the French postal service operator, is planning to sell train tickets for French rail operator SNCF with effect from 2005. It already has the necessary internet terminals in around 1,000 post offices to enable ticket reservation.

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