La Poste, the French post office, is interested in a total takeover of its German subsidiary DPD, which ranks third in Europe in parcel delivery. La Poste has held an 85 per cent stake in the company for more a year.
Read MoreGEMA, the French association of mutual insurance companies, yesterday joined in with the ferocious opposition expressed by the FFSA, another association of insurance companies, to the supposed intention of French post office La Poste to sell car and home-contents insurance.
Read MoreFebruary 12, 2002 Feb 12, 2002 La Poste has now completed the deal to acquire Delta Diffusion through its subsidiary Mediapost. In consideration the vendor company Comareg has taken 33 per cent of Mediapost.
This is the completion of a deal announced in May last year
Read MoreDB Cargo AG, the goods-transport unit of Deutsche Bahn AG, said it and its French counterpart, Fret SNCF, plan to abolish time-consuming and costly clearing procedures at the German-French border
Read MoreThe banks say they want close ties with La Poste (F.PST) but no longer see how they can incorporate it into Eulia, the two-way alliance they set up last year. As a result, France’s powerful national post office could end up looking elsewhere for the partner it needs to develop its banking business. ‘Eulia has been set up with two partners. Even with just two, it’s already difficult,” says Alexandre de Lestrange, an analyst who follows La Poste for ratings agency Standard & Poor’s. A lot of decisions have been taken, management has been appointed, teams have been put in place. It’s not going to be easy to start all over again three months on.
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