First Sustainable Development Report
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Tag: France
Thiel Logistik sells stake in DPD Austria to GeoPost
GeoPost, Europe’s third largest provider of express and deferred parcels services, has reached an agreement to acquire Thiel Logistik AG’s 25.5% stake in DPD Austria. These shares were originally held by non-depositary partner companies Birkart, Dachser and Nathe & Quehenberger, with each holding equal stakes. The share purchase price has not been disclosed. The transaction is currently awaiting approval from Austrian anti-trust authorities. All parties expect the acquisition to be finalised by the end of this year. After this, GeoPost will be DPD Austria’s second largest shareholder. GeoPost holds about 85% in the DPD franchisor organization.
Read More‘Mature’ French market belies trade growth
French market share:
TNT is the third largest operator in France’s international express market, just below Chronopost’s 18.5%. DHL is the clear market leader, with 36% of the market.
La Poste to invest 30M Euro in new platform
French postal service operator La Poste has announced plans to invest 30m euros in the construction of a new national, state of the art industrial platform in the northern city of Lille. The platform is part of La Poste’s 3.4bn-euro 2004-2010 program to transform its French industrial equipment in the context of the liberalization of the French postal services sector. The new platform will be equipped with the latest technology, and be able to sort more than 400,000 letters per hour. It will commence operation in 2007.
Read MoreEC approves Eur½ billion state aid to express operator
EC approves €½ billion state aid to express operator
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