Tag: Germany

2003 stamp price survey confirms worries on excessive tariffs in Europe

Posted by | Dec 15, 2003 | |

The Free and Fair Post Initiative (FFPI) today released its third EU stamp price survey. The study, which this year also covers the ten new EU Member States, confirms the trend towards price increases and highlights the remarkable gaps that exist among current Member States and between them and the accession countries. The FFPI’s research shows that the wide price differences registered in 2002 have not been reduced and that tariffs have in most States registered further raises. In 11 out of 15 current EU Member States stamp prices have been increased in the past year. In addition, requests for price
reviews have been filed by postal operators in some countries where decisions are still pending and will likely be taken in 2004.
Includes stamp prices in the EU-25 for basic domestic letters & EU Stamp Price Chart – Prices in Euro Cents

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German postal shares put up for sale

Posted by | Dec 10, 2003 | |

The German state development bank KfW has said it is selling €2 billion worth of shares in the German postal group Deutsche Post.

Kreditanstalt fuer Wiederaufbau is to sell a combination of shares and convertible bonds in Europe’s largest postal service at between €15.80 and €16.70 each, a statement said.

The sale is designed to widen shareholdings and raise the number of investors, a Post spokesman said.

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German post office shares put on sale by state development bank

Posted by | Dec 10, 2003 | |

The German public development bank KfW has began selling shares and convertible bonds in Deutsche Post, sending shares in the semi-state post office tumbling.

Kreditanstalt fuer Wiederaufbau bank (KfW), traditionally used by the government as a vehicle for privatisation, said it would raise about €2billion ($2.4 billion) from the sale of the shares and the bond issue.

A trader said the shares represented about 0.5% of Deutsche Post capital. The sale is designed to widen shareholdings and raise the number of investors, a Post spokesman said.

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Dutch and Germans plot UK postal invasion

Posted by | Dec 9, 2003 | |

The two continental postal giants, Germany’s Deutsche Post and the quoted Dutch group TPG, are both competing to buy one of Britain’s biggest independent private mail companies. Deutsche Post and TPG have asked advisers to study the imminent sale of DX Mail, the £250m document exchange and specialist courier business owned by Hays. The delivery business is made more attractive by the fact it was recently awarded the first long-term licence to introduce additional mail services for businesses from Postcomm, the industry regulator.

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