The postal and telecoms division of the French trade union FO has expressed concern about the fact that no member of the new French government has put been specifically in charge of the French post office Poste and of French telecoms group France Telecoms.
Read MoreThe French state-run post office, La Poste, said it would likely pursue foreign acquisitions with proceeds from a sale of part of its real estate portfolio after the government announced May 10 it would permit divestment of the assets.
A La Poste official would not estimate the value of the entire property portfolio but did not dispute a press report claiming it could be worth as much as €4 billion ($3.6 billion). She added that the proceeds would likely be used for foreign acquisitions.
Efiposte, the subsidiary of the French national post office (La Poste) which manages the funds collected by the group, including those in postal current accounts, has announced consolidated net profit of nearly 27.9m euros for 2001, compared with 6.3m in 2000, the company’s first financial year which lasted only nine months.
Read Moreelix, the German alliance of forwarders that specialises in groupage traffic, has acquired Geodis as an exclusive partner for France and DFDS as its partner for Scandinavia and the UK/Ireland, companies which are the number ones in their respective territories. Thus in one stroke elix becomes the largest provider of systems-based groupage traffic in Europe, ahead of big players like Schenker and Danzas.
Read MoreThe French mail company La Poste now seems to be paying the price for the ambitious expansion course which CEP subsidiary GeoPost has steered in recent years. GeoPost is a holding company which groups together the activities of La Poste outside France. The service
provider is active in the parcel, express and logistics sectors. La Poste president Martin Vial puts the blame for the deficit, the first which the group has suffered in five years, squarely on the GeoPost subsidiary.
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