SNCF Unit Geodis to take 50% in Thales Freight and Logistics
8 November 2002 Geodis has bought 50% of Thales freight and Logistics Division
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Ivory Coast unable to host international postal forum in 2004
Strife-torn Ivory Coast has pulled out of an agreement to host a major international postal services conference in 2004, Economic Infrastructure Minister Patrick Achi said Friday.
The west African country had been selected at the UN’s Universal Postal Union (UPU) conference in Beijing in 1999 as the host of the organisation’s 23rd congress, set for 2004.
But Achi told AFP that he officially announced at a recent UPU conference in Geneva that Abidjan, the main city in Ivory Coast — split into opposing rebel and government camps since an uprising on September 19 — would not be able to host the conference.
Read MoreFortec after French cash
Geodis the state-controlled French transport group. faces making a key decision on the future of its small UK subsidiary, Fortec Pallet Distribution Network. Fortec director Rod Abrahams, who joined the firm 6 months ago, will ask for the best part of £10m to develop a new pallet hub next to the exisiting depot on the A5, 3 miles west of J8 on the M1.
Read MoreHays Launches Iveco Parts-Management Centre in Spain
Hays has opened a new parts-management distribution centre in Madrid for Iveco –the £10 million investment in Spain is the latest move in a £200 million, five-year pan-European logistics solution developed by Hays in partnership with Iveco.
Read MoreFrance's CNP Assurances to set up insurance JV with China's State Postal Bureau
France-based CNP Assurances SA signed an agreement with China’s State Postal Bureau (SPB) in Paris on September 23 to set up an insurance joint venture, scheduled to begin operations early next year, subject to approval by the China Insurance Regulatory Commission (CIRC), CNP said.
CNP said on its website the JV, to be located in a coastal city, will offer insurance policies through the SPB’s established sales network.
It said the life insurer has been in talks with the SPB on the proposed JV since September 2001, when it obtained a JV license from the CIRC.
China’s insurance sector has grown rapidly in recent years, with total insurance premiums rising 32.2 percent year-on-year to 210.9 billion yuan (US$25.41 billion) in 2001 and accounting for 2.2 percent of the country’s GDP.
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