Letter price, performance, no of items, employees and size of network.
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P:LibraryPostalPostComm Formal DocumentsInternational comparisons Oct03.pdf
Deutsche Post has revealed its plans to float its Postbank subsidiary, which it values at around €5 billion, within the next 12 to 18 months. It intends to retain a slight majority of just one share over a 50% stake and to use the €2.5 billion proceeds to reduce its debt and plug gaps in its European postal services and growing global logistics business.
Deutsche Postbank is Germany’s largest retail bank with 10 million customers, 18 million savings accounts and 4.5 million current accounts. It also has around 400,000 corporate customers.
Read MoreDeutsche Post, Germany’s postal service operator, has signed a co-operation agreement with Post Danmark, its Danish counterpart, as part of which the latter will start working for DHL Express, the former’s subsidiary, in Denmark. The German group is also among the future bidders for the 25 per cent stake which the Danish state intends to sell in Post Danmark in the near future. The co-operation agreement is expected to improve Deutsche Post’s chances of being chosen as the buyer of the 25% holding.
Read MoreDeutsche Post AG will maintain existing prices for regular mail and reduce prices for most mass mailings in 2004, the company said. The price for a standard letter weighing up to 20 grams for European delivery remains at €.55, while the price for non-advertising mass mailings drops to €.40 from €.45. Deutsche Post said its prices ranked seventh in comparison with other European postal services. The U.S. Postal Service charges $0.37 for domestic delivery of letters up to 28.6 grams.
Read MoreDeutsche Post will be maintaining its key prices for letters and postcards in the coming year. The Regulatory Authority for Telecommunications and Posts has approved the rates from 1 January 2004 as part of the review it conducts every year. Under the new scale of rates, “Standardbrief” items (up to 20 grams) will continue to cost EUR 0.55, “Kompaktbrief” items (up to 50 grams) will still cost EUR 1.00, “Großbrief” items (up to 500 grams) EUR 1.44, “Maxibrief” items (up to 1,000 grams) EUR 2.20 and postcards EUR 0.45.
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