La Poste, the French state postal service operator, is reported to have been beaten in the race to acquire a stake in SEUR, Spain’s leading express parcel forwarder. JPMorgan Partners and Bridgepoint, the U.S. venture capital funds, will acquire the share package, amounting to a 21.2 per cent stake in the company, from founder Justo Yufera, for a sum estimated by analysts at around 120m euros.
Read MoreTibbett & Britten makes further progress in France
Read MoreDe Post/La Poste of Belgium has sold its 50 per cent stake in postal insurance business to its joint venture partner, AXA. Under an agreement that expires in February 2005, AXA will continue to sell postal insurance products in post offices.
Read MoreThe plan drawn up by DHL, the German courier company, to minimise its job losses in France, is a model plan, the CFDT union said on Tuesday. DHL, which is planning to cut its workforce by 1,200 or 10 per cent, signed an agreement last month with the unions on how to proceed with the reduction.
Read MoreBritain and France are jointly releasing a set of postage stamps to mark the hundredth anniversary of the pact that ended centuries of hostility between the two nations, Royal Mail said.
The Royal Mail and the French Post Office, La Poste, will begin selling the stamps marking the centenary of the Entente Cordiale, two days ahead of the anniversary.
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