Tag: Germany

Deutsche Post abandons Austrian Post acquisition plans

Posted by | Apr 18, 2005 | |

German postal company Deutsche Post AG has fully given up all future plans to buy Austrian competitor Oesterreichische Post AG, Deutsche Post CEO Klaus Zumwinkel said on April 17, 2005. The decision was the result of differences in political developments, Zumwinkel added. Austria had initially planned to sell Austrian Post to a strategic partner through privatisation. Last week finance minister Karl-Heinz Grasser said it had been decided to sell the state’s minority holding in Post over the stock exchange in the spring of 2006.

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Court rules Deutsche Post should allow more mail delivery competition

Posted by | Apr 14, 2005 | |

The Higher Regional Court in the German city of Duesseldorf has upheld an earlier decision of the German anti-cartel watchdog to force Deutsche Post to allow more competitors on the mail delivery market by granting them discounts, it was reported on April 13, 2005. A spokesperson for Deutsche Post said the company will immediately take steps to conform to the court’s ruling, but will maintain legal proceedings with the Higher Regional Court against the essence of the anti-cartel watchdog’s decision. Should the court’s final decision be in favour of Deutsche Post, the company will claim back the wrongly granted discounts, the spokesperson said.

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DHL buy of KarstadtQuelle logistics ops probed by cartel office

Posted by | Apr 14, 2005 | |

Germany’s cartel office said it has started a full investigation into Deutsche Post World Net AG unit DHL’s acquisition of KarstadtQuelle AG’s logistics operations. A cartel office spokeswoman the office has completed its four-week pre-examination of the deal and decided to launch a more lengthy investigation, which is expected to be completed by early July. KarstadtQuelle sold the logistics business of its department stores division to DHL for more than 200 mln eur.

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DHL Logistics EBITA up 36.4 pct Y/Y 2004

Posted by | Apr 13, 2005 | |

Logistics services provider DHL Logistics, a subsidiary of German postal services provider Deutsche Post AG, and its units Danzas Air & Ocean and DHL Solutions saw a 36.4 pct year-on-year rise in earnings before interest, tax and amortisation (EBITA) to 281 mln euro (USD363.1 mln) in 2004, Deutsche Post said on April 13, 2005. DHL Logistics increased its sales revenue by 15.4 pct to some 6.8 bln euro (USD8.788 bln). Return on sales (ROS) rose to 4.1 pct from 3.5 pct. DHL Logistics’ results show that it has successfully advanced its growth course and succeeded in convincing many new customers of its global capacity in a highly competitive market, Logistics and Corporate Service board member, Frank Appel, said.

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TPG buys DWM in Germany

Posted by | Apr 12, 2005 | |

The TPG Group has extended its network for the delivery of unaddressed advertising mail further. At the beginning of this month, TPG took over DWM Direktwerbung and Marketing GmbH in southern Germany.

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