Tag: Germany

Deutsche Post rejects idea of selling Postbank to Deutsche Bank

Posted by | May 14, 2004 | |

Deutsche Post, the German postal service operator, revealed yesterday that it would not sell Postbank, its banking subsidiary, to a domestic or foreign bidder, but would go ahead with the subsidiary’s planned flotation. Deutsche Post has thus ended negotiations with Deutsche Bank, Germany’s largest bank which had been interested in acquiring Postbank.

Deutsche Bank will, however, continue to act as lead manager for Postbank’s flotation, together with Morgan Stanley

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Deutsche Post WN starts 2004 better than expected

Posted by | May 14, 2004 | |

First-quarter revenues rise to EUR10.5 billion from EUR9.8 billion / Double-digit growth in Express and Logistics Divisions / STAR program contributes EUR81 million to earning in the first quarter / Deutsche Post confirms 5-10 percent full-year EBITA growth target

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DPWN CEO Targets 5-Fold Rise in Asia Sales

Posted by | May 13, 2004 | |

Deutsche Post AG chief executive Klaus Zumwinkel said he is targeting a fivefold increase in the company’s sales in Asia by 2010. “I am working on the assumption that we will increase our sales in Asia to up to 10 billion euros from (the current) 2.0 billion,” he said in an interview in Shanghai with Deutsche Presse-Agentur. Given its high growth rates, the Asian region has a key strategic importance, and the German postal and logistics company plans to invest 920m eur in expanding its infrastructure there by 2008.

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