Tag: Germany

European postal companies call for complete liberalisation in 2009

Posted by | Jul 17, 2006 | |

Chief Executive Officers of national postal companies in the Netherlands, Sweden, Finland and Germany have started a joint initiative for a complete opening of the postal markets in Europe by 2009. In a policy paper addressed to Internal Market Commissioner Charlie McCreevy, CEOs Peter Bakker (TNT), Erik Olsson (Posten AB), Jukka Alho (Finland Post Corporation) and Klaus Zumwinkel (Deutsche Post World Net) plead for a sustainable postal sector in the next decades that should be realised by a complete market liberalisation by 2009 and the modernisation of the universal service.

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German bank to sell Deutsche Post stake

Posted by | Jul 13, 2006 | |

KfW Group, the German state-owned development bank, said Wednesday that it would sell a 1.5 billion euro stake in Deutsche Post, increasing the proportion of freely traded shares to as much as 64.5 percent.

German state-owned development bank Kreditanstalt fuer Wiederaufbau (KfW) said it raised 1.3 bln eur after yesterday placing 63.6 mln Deutsche Post AG shares at 20.45 eur per share.

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UK Royal Mail's GLS to create own express air delivery service

Posted by | Jul 12, 2006 | |

The Royal Mail’s General Logistics Systems is creating its own air express delivery service, Rico Back, the head of GLS, told Handelsblatt.

Back said the company will invest 10 mln eur in GLS Air this year and that its two aircraft will fly between the company’s delivery centres in Germany and the UK from October.

Ultimately, GLS Air wants to have a fleet of 25 aircraft that will fly to 17 European nations, he added. GLS is the continental European counterpart to Royal Mail’s UK-based Parcelforce Worldwide. It is based in the Netherlands and has 14,500 staff.

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Finland Post To Sell Stake in Kelpo Kuljetus JV to German DHL

Posted by | Jul 12, 2006 | |

Finland Post Group said on July 12, 2006 it will sell its 49 pct stake in the transport joint venture Kelpo Kuljetus Fi Oy to joint venture partner DHL, the logistics and express delivery business of German postal service group Deutsche Post.

No financial details were available.

The transaction is subject to approval by the competition authorities.

The deal is part of the partners’ aim to focus on their core businesses.

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