Tag: Germany

Airborne in talks with Deutsche Post

Posted by | Mar 24, 2003 | |

Airborne on Monday confirmed it was in talks with Deutsche Post on a deal that could be worth USD 1bn and see the German postal operator buy the the US’s third largest express delivery company’s ground operations for an undisclosed cash sum at a premium to the group’s current share price.

Airborne said that such a deal with DHL Worldwide Express, a subsidiary of Deutsche Post, would involve setting up an independent public company that would continue to be wholly owned by Airborne’s shareholders.

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Securicor sells 50% of German JV for Euro 284m

Posted by | Mar 24, 2003 | |

Securicor, the private security group, on Monday said it had reached agreement to sell its 50 per cent stake in its UK parcels distribution business to Deutsche Post for Euro 284m (USD 299m), including assumed debt. The German postal operator, the other shareholder in the joint venture, will pay Euro 247m cash on completion for the 50 per cent stake it does not already own in Securicor Distribution. Securicor’s share of the venture’s net debt amounted to Euro 37m, bringing the total value of the disposal to Euro 284m.

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Parcel revenue in Germany

Posted by | Mar 20, 2003 | |

Claude Begle (Geopost) at the IEA Conference in Barcelona said that the average revenue per parcel in Germany was € 3, weighed 7 kilos and they do 1.1 million a day and only a third go through the hub.

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Zumwinkel's dual role in Germany

Posted by | Mar 11, 2003 | |

Klaus Zumwinkel, chairman of Deutsche Post, Germany’s dominant postal company, is to become chairman of the supervisory board of Deutsche Telekom. He will replace Hans-Dietrich Winkhaus, the board’s current chairman. Mr Zumwinkel will retain his position at Deutsche Post.

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