Tag: Germany

Deutsche Post to sell 18 hotel properties this week

Posted by | Jan 16, 2006 | |

Deutsche Post AG will announce the sale of its 18 hotel properties to an unnamed Munich investor this week, the Sueddeutsche Zeitung reported, without saying where it obtained the information. The newspaper did not say how much the company will receive for the properties, which were originally built to house employees travelling on business. It noted, however, that Deutsche Post has received at least 200 mln eur in recent years from the sale of such non-core assets.

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German bid for TNT almost ready, shares rise

Posted by | Jan 16, 2006 | |

German private equity investor Cornelius Geber said on Monday a consortium planning a bid for Dutch mail and logistics company TNT NV was almost ready, sending the target company’s shares higher. Geber first signaled interest in TNT in November. British newspaper The Business reported on Sunday that he would prefer a friendly takeover, but was prepared to go hostile if the Dutch government, which owns 10 percent of TNT, opposed a deal. Geber, who has ties to US private equity group Blackstone, told Reuters the consortium was nearly ready, but declined to comment on whether a bid would be hostile or friendly. TNT has a market value of about 12 billion euros (USD14.5 billion). “We’re working on the topic,” he said. “The consortium stands almost complete.”

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Deutsche Post 'watching' UPS German mail move

Posted by | Jan 13, 2006 | |

A spokesman for Deutsche Post World Net said the company isn’t concerned by the prospect of UPS offering some letter-delivery services in Germany later this year. “We’re watching closely and taking it seriously, but we’re not that concerned, ” Deutsche Post spokesman Uwe Bensien told Dow Jones. On Wednesday, US-based UPS announced it would offer limited letter delivery to customers in Germany and some other European countries, starting in February. Bensien said mail is Deutsche Post’s key business, while it isn’t the core business of UPS, an express package specialist. “We’re set up for this and have the network and know-how,” he said.

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UPS says it will add overseas letter delivery to package service for its Europe customers

Posted by | Jan 11, 2006 | |

United Parcel Service, Inc. said Wednesday it would offer overseas letter delivery to its package customers in Europe. The company would offer the new letter service in February – expanding a test project begun in Britain to Germany, France, Belgium and the Netherlands, UPS spokesman Georg Leusch said from the company’s German offices in Neuss. “The numbers there have far exceeded our plans,” he said. Leusch said letters would be collected unsorted in mail bags from customers and forwarded to foreign destinations by UPS’ partner, Swiss Post International.

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Deutsche Post rival Pin to expand services throughout Germany

Posted by | Jan 10, 2006 | |

Pin Group, the German postal services company, plans to expand significantly its activities and win customers from Deutsche Post, the national postal services provider. Deutsche Post now only holds the monopoly on letters under 50g and will finally lose its monopoly in 2008. Management said that Pin planned to set up many new post boxes across Germany in 2006 and 2007, particularly in busy places such as shopping centers.

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