Tag: Germany

German Bank Sells USD2.41B Shares of Post

Posted by | Jun 13, 2005 | |

A German state-owned bank said Monday it sold over 2 billion euros (USD2.41 billion) in Deutsche Post AG stock, cutting the government stake in Europe’s biggest mail service to under 50 percent.

KfW Bank AG sold 110 million shares for 18.90 euros (USD22.89) each to institutional investors, raising a total of 2.079 billion euros (USD2.518 billion), it said in a statement late Monday.

Shares in Deutsche Post had closed down 1.4 percent at 19.12 euros (USD23.16) in Frankfurt.

KfW said the sale cut its holding in Deutsche Post from 48.8 percent to 38.9 percent, and that the proportion of the shares freely traded will rise from 44 percent to 55.3 percent, ending the government’s majority holding. The government still holds a stake of about 7 percent.

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TNT/Royal Mail: GLS sale would suit both sides

Posted by | Jun 10, 2005 | |

TNT has expressed interest in acquiring Royal Mail’s European parcel unit GLS Holding, among other global targets, to expand its express delivery network and increase market share. Although Royal Mail has yet to make a comment, a possible sell-off could work well with the group’s plans for semi-privatization.

According to the German magazine WirtschaftsWoche, TNT may be planning a series of acquisitions, one of which could be Royal Mail’s subsidiary General Logistics Systems (GLS), CEO Peter Bakker said in an interview.

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TNT eyes acquisition in Asia, mulls takeover of Royal Mail’s GLS unit

Posted by | Jun 8, 2005 | |

TNT NV may soon acquire a shipping company in Asia to expand its network there and is interested in taking over Royal Mail Group PLC’s unit GLS Holding, German weekly magazine Wirtschafts Woche said in a report to be published tomorrow, citing chief executive Peter Bakker.

‘The US is UPS- and Fedex-land,’ Bakker told the magazine in an interview. ‘And whoever thinks, as Deutsche Post does, he can be profitable there with a 6-8 pct market share is wrong.’

Deutsche Post World Net AG’s package delivery arm DHL last month said it does not want to chase US market share from rival UPS and Federal Express and is reining in its ambitions in North America.

Bakker also said he can imagine taking over Royal Mail’s GLS unit as an independent parcel service, adding the company is ‘looking into every interesting opportunity for an acquisition’.

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Secrets of my success: John Ivers, Managing director, DHL Global Mail

Posted by | Jun 8, 2005 | |

As someone who has spent nearly 25 years dealing with mail, it has been important for me to be able to adapt to the significant changes the UK mail industry has seen over the past few years.

I started out as a fresh-faced economics graduate on a management development programme at Pitney Bowes, where I experienced business at all levels, including general management, sales, customer service, marketing, finance and IT. It taught me that sending and receiving mail is the lifeblood of any business.

Those early days also taught me to listen to your customers. Expectations from customers have significantly changed over the years, and they increasingly want a more personalised service that offers them real value.

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