Tag: Germany

High hurdles for DP-Airborne deal

Posted by | Mar 28, 2003 | |

Deutsche Post World Wide AG must negotiate a tricky political and regulatory environment if it hopes to secure approval for its proposed $1.05 billion acquisition of Airborne Inc. The deal raises a host of political issues, including state-sponsored monopolies, national security and free trade. The German government owns a majority stake in Deutsche Post, which has led to charges that the postal giant is using monopoly profits from German mail delivery to subsidize U.S. operations. Also in question: whether Deutsche Post and its U.S. unit, DHL Worldwide Express, can structure the deal to avoid a U.S. ban on foreigners controlling domestic airlines, including cargo carriers.

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Deutsche Post worldwide still aiming for the summit

Posted by | Mar 26, 2003 | |

When Deutsche Post said yesterday it would buy the ground operations of Airborne, the third-largest US air express delivery company, for USD1.05bn, the German postal operator closed a hole in its ability to deliver ground packages in the US and caught up with United Parcel Service and FedEx, two of its fiercest rivals. The move marked the latest triumph for Klaus Zumwinkel, Deutsche Post’s chief executive. Airborne, Mr Zumwinkel said, would be another step towards transforming the once-creaky state monopoly into the world’s top logistics group. But observers worry that Deutsche Post may stretch itself thin as it shops around.

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Hermes to square up to Deutsche Post in Germany

Posted by | Mar 25, 2003 | |

Hermes, a subsidiary of Otto, the German retail and mail order group, is aiming to provide competition for Deutsche Post, the country’s postal service operator. In the autumn, the company is set to open its 8,500 ‘PaketShops’ to private customers, having previously been used for Otto’s mail order business

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Fedex and UPS expected to fight DHL-Airborne merger

Posted by | Mar 24, 2003 | |

FedEx Corp. and United Parcel Services are not expected to stand silently by while DHL Worldwide Express consummates its $1.05 billion takeover of Airborne.
FedEx and UPS have already pushed the Department of Transportation to look at the ownership of DHL. The companies claim that the DHL is really just an arm of the German government. “Both UPS and FedEx are going to object to DHL’s acquisition of Airborne’s ground base assets under the cover of regulatory and anticompetitive grounds,” said analyst Peter Jacobs, of Ragen MacKenzie, a division of Wells Fargo Investments,

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