Tag: France

La Poste chairman presents the group's business plan for 2003-07

Posted by | Dec 21, 2002 | |

Jean-Paul Bailly, chairman of the French post office (La Poste), has presented the group’s business plan for 2003-07 and says that the group will close 2002 in the red for the second consecutive year. Next year, with the liberalisation of postal services, La Poste will lose its monopoly on some important services. Mr Bailly wants the French government to increase the price of stamps in order to offset the effects of liberalisation. He argues that postage rates have not increased since 1996 and that revenue from the sale of stamps is used to support the universal service.

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De Post/La Poste and Fortis Bank sign new deal that strengthens partnership with The Bank Van De Post/Banque De La Poste

Posted by | Dec 20, 2002 | |

Fortis Bank and De Post / La Poste today signed a complementary agreement confirming their commitment to reinforce their partnership within the banking products sector through their joint venture in BPO. From a juridical point of view, the agreement will be an amendment to the existing contract. Each partner has retained its 50% share. This agreement starts on 1st January 2003 and will run until 2014.

The desire to build on the potential of BPO is an integral part of the strategy of both partners. For Fortis Bank, BPO is an extra channel with a quite different market position from its existing branch network. For De Post / La Poste, banking products represent an important growth opportunity in terms of value creation and optimisation of its post office network.

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ABX state bail-out angers road lobby

Posted by | Nov 25, 2002 | |

ABX, the logistics arm of Belgian rail operator SNCB, is to be split in half and part-privatised to stem its mounting losses.
New CEO Karel Vinck put together an immediate restructuring plan following the sudden resignation of Etienne Schouppe, who had held the post only since April.

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