KarstadtQuelle sells logistics ops to Deutsche Post
KarstadtQuelle AG said it has finalised the sale of its logistics operations to Deutsche Post World Net AG for about 200 mln eur, effective April 1.
Read MoreTag: Germany
German Hermes to increase number of outlets to 11,000 in 2005
German logistics services provider Hermes Versand, a subsidiary of mail order company Otto GmbH, plans to increase the number of its outlets to 11,000 in 2005 and get closer to the 12,000 of its chief competitor Deutsche Post, Hermes said on March 18, 2005. In 2004, Hermes snapped up 3.0 percentage points of the Deutsche Post share in the market for package deliveries to private clients and plans to have a 10 pct market share by the end of the current fiscal year, two years ahead of schedule, Hanjo Schneider, CEO of Hermes Logistik Group, said. The market, dominated by Deutsche Post and Hermes, has a volume of 60 million packages a year. According to Schneider, Hermes’ prices stand on average 25 pct below those of its larger rival.
Read MoreDeutsche Post says will not increase bid for Post Danmark
Deutsche Post AG said it will not increase its bid for the Danish postal service Post Danmark. The move comes after the Danish government announced it wants to sell its 25pct of the state’s shares in the postal service to UK-based CVC Capital Partners. ‘We respect the decision of the Danish government,’ a Deutsche Post spokesman said. ‘However, we will not increase our offer,’ he added.
Read MoreDHL to sell 50 pct stake in freight co Scharrer to Rhenus
Deutsche Post AG’s logistics unit DHL is to sell its 50pct stake in Duisburg-based freight company G Scharrer GmbH, according to a report in Frankfurter Allgemeine Zeitung, citing a DHL spokesperson. Rhenus Logistics, which owns the other 50 pct of the company, will buy DHL’s stake, it said.
Read MoreDeutsche Post/Bayerische Landesbank’s Transoflex sold to Odewald & Cie
Odewald & Cie will purchase Deutsche Post World Net AG and Bayerische Landesbank’s stakes in Transoflex for roughly 200 mln eur, the Financial Times Deutschland reported citing industry sources. Deutsche Post holds 24.8 pct of the freight company and Bayerische Landesbank owns 75.2 pct. Deutsche Post wants to sell its holding because cartel authorities blocked it from acquiring all of Transoflex. All three parties declined to comment on the matter FTD said.
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