Tag: France

French Banks Close Ranks on La Poste

Posted by | Aug 20, 2003 | |

The imminent expansion of financial services offered by French post office La Poste continues to ruffle the feathers of the country’s more established banking players. Earlier this month, Societe Generale chairman Daniel Bouton said that he could see “no economic sense” in permitting La Poste to broaden its range of banking products. His remarks follow similar comments made earlier this year by Michel Pebereau, chairman of BNP Paribas. Speaking on French radio, Pebereau said that he had urged the French authorities not to “turn the French banking sector upside down” by adding another competitor to an already crowded marketplace. La Poste is about to sign a new five-year operating agreement with the French Finance Ministry, which – if ratified – will allow it to offer customers consumer credit and non-life insurance products – areas that have previously been off-limits. A decision is expected later this year.

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La Poste Belgium to invest USD341 million

Posted by | Aug 4, 2003 | |

La Poste plans to invest $341 million on the Belgium Post Office through various modernization initiatives.

The money is coming from equity financing from SFP, the state-owned asset management concern that now owns slightly less than 50% of Belgium Post.

The post plans to use the money on new equipment for four mail sorting centers and other unspecified restructuring projects. The modernization program is aimed at boosting the quality of services La Poste offers and cutting operational costs.

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The top 10 airfreight exporters in France

Posted by | Jul 29, 2003 | |

The national association of airfreight agents in France (Snagfa) has published a list of the industry leaders based on the export turnover figures from 2002. Compared to the previous year, there were few changes in the rankings. As TFA, Transcap, Scac and GEI SDV all now operate under the SDV umbrella, the latter was therefore able to dislodge Panalpina from first place, pushing it down to second. Danzas-AEI (now trading as DHL) followed in third place. Schenker ousted Saga Air from fourth place, which fell back to No.5. Places six to ten were taken by:
Kuehne & Nagel, Geodis Overseas, Gefco, Aerofret and Menlo-Emery Air Freight in that order.
The French airfreight industry is undergoing a phase of consolidation. In 2001, the five major airfreight agencies generated only 35% of total turnover in this sector, by 2002, this figure was already up to nearly 44% and the upwards trend is continuing.
The market leader SDV dispatched approximately 200,000 t of airfreight in 2002. Around 38% of its EUR 1.8 billion revenue stemmed from airfreight business. In the pan-European rankings, SDV occupies fifth place.

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French parcels firms lobby for fair play

Posted by | Jul 28, 2003 | |

Four major French parcel delivery operators, Gefco, Heppner, Mory and Dachser-owned Graveleau, have set up a lobby group to combat what they consider to be unfair competition in the sector.

Halte – Honorable Association de Transporteurs et Logisticens Europeens) – is headed by former Gefco senior executive Claude Leroi and focuses on public sector firms operating in the private domain, which receive unofficial state aid or subsidies in the event of financial difficulties.

Halte intends to collaborate with its German counterpart, Wettbewerbsverein, in drawing up a policy document.

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