Tag: Germany

DHL darting into a growing market

Posted by | Feb 1, 2005 | |

DHL announced recently that it is looking to acquire a further 20% stake in Blue Dart Express, of which it currently owns 68%. The move is indicative of DHL’s faith in the Asia-Pacific region and is one of numerous international mergers and acquisitions of late in the logistics industry. The acquisition makes DHL the first international express and logistics company to offer its own domestic and international services in India. Through the acquisition of a majority stake in Blue Dart, India’s largest courier firm, DHL will have access to an extensive network covering 13,700 locations, warehouses at 14 locations and 2,717 delivery vehicles. The move confirms the group’s ambitions for the Asia-Pacific region, which is attracting global express and logistics operators due to the potential in the area’s growing economies. DHL is investing in China and will also set up a joint venture with New Zealand Post.

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KfW ups volume of Japanese bond exchangeable for Deutsche Post shares

Posted by | Jan 31, 2005 | |

KfW, the state-owned bank used as a privatisation vehicle by the German government, said Monday it would increase the volume of its five-year Japanese bond exchangeable for shares in the semi-privatised German postal service Deutsche Post to 1.1 billion euros (1.4 billion dollars).

The bond, a so-called Uridashi bond which is debt issued by a non-Japanese borrower in Japan in a currency other than the yen, “met with overwhelmingly positive interest from retail investors in Japan, KfW said in a statement.

“We had announced a target size of 500 million euros. With a final transaction size of 1.1 billion euros, our expectations have clearly been exceeded,” said KfW chief Hans Reich.

The bond matures on February 3, 2010, and will pay an annual coupon of 0.5 percent.

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Suddeutsche Zeitung to compete with Deutsche Post

Posted by | Jan 25, 2005 | |

German publisher Suddeutscher Verlag, which publishes German newspaper Suddeutsche Zeitung, is to compete with German national service provider, Deutsche Post. Through its logistics subsidiary, Suddeutscher Zeitung Logistik, the publisher has already started delivering letter in the Munich area. The company hopes to expand its services in the next few months and will aim to gain more customers, delivering their post at the same time as their subscription.

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Deutsche Post: targeting the mail-order market

Posted by | Jan 24, 2005 | |

The agreement between the troubled German retail giant KarstadtQuelle and Deutsche Post will see the express and logistics unit DHL taking over parts of the logistics operations of the retailer beginning in April. For Deutsche Post the new acquisition represents an opportunity to expand its market share in the growing German mail order sector.

KarstadtQuelle, the German department store operator, announced the agreement with Deutsche Post [DPW.F] following the green light from the German antitrust authorities. Although financial details were not disclosed, it is believed the logistics operation generates over E1.1 billion in annual sales. As part of the deal, DHL will take over KarstadtQuelle’s central warehouse in Unna, western Germany, the industry centers in Essen-Vogelheim and Brieselang, and a number of regional logistics centers, as well as part of Karstadt’s existing logistics business, Optimus.

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KarstadtQuelle sells parts of logistics business to Deutsche Post

Posted by | Jan 24, 2005 | |

Troubled German retail giant KarstadtQuelle said on Monday it had agreed to sell parts of its logistics operations to the semi-privatised German postal service Deutsche Post in a deal which sources said was worth more than one billion euros (1.3 billion dollars). A spokesman for KarstadtQuelle declined to comment on the price. The activities, which KarstadtQuelle did not specify, would be sold to Deutsche Post’s express and logistics unit DHL, the retailer said in a statement. The transaction still had to be approved by the regulatory authorities, but was expected to take effect from April 1. The divestment represented a “further important step in KarstadtQuelle’s reorganisation programme,” the statement said. Deutsche Post already applied to the Federal Cartel Office last month for permission to buy KarstadtQuelle’s logistics activities.

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