Leading banks in German PostBank IPO fight
Deutsche Bank, Morgan Stanley and CSFB have emerged as the frontrunners to lead the initial public offering of Postbank, which is expected to be among Germany’s biggest flotations next year.
Read MoreTag: Germany
Tibbett & Britten acquires German Vfw
International logistics service provider Tibbett & Britten has succeeded in its bid to acquire German reverse logistics specialist, Vfw AG.
The Group has received acceptances totalling over 91% of the shares in the privately owned German company, and the acquisition has been cleared by the national competition authority.
Read MoreHays disposes of German non-core business
Hays’ disposal strategy continues with the sale of its German automotive spare parts operations to a specially created new company, Night Plus.
Thomas Mencwel, who previously headed Hays’ multi-user parts business, established the new operation.
With 14 cross-docking centres throughout Germany, and annual revenues of around €34 million, the network provides a range of time-sensitive products to automotive manufacturers, delivering auto spares to dealerships and workshops in-night or before the start of the next working day.
Read MoreHays sells German spare parts network
Hays sells German spare parts network
Read MoreDHL Express Annual Report 2002
DHL Express Annual Report 2002
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