Deutsche Post, the semi-privatised German postal authority, said Monday it planned to buy the Italian parcel service Casa di Spedizioni Ascoli later this week.
Confirming media reports to that effect, Deutsche Post said in a statement it planned to buy the Italian with effect from Wednesday.
“The acquisition will increase and improve our position in the Italian express delivery market,” the German company said.
Read MoreDeutsche Post, the German postal services group, is to offer the operators of around 7,500 sub post-offices new contracts with which it aims to make savings. By introducing the new contracts it is aiming to cut costs.
The post offices involved are smaller sales points, for example in supermarkets, travel agents or lottery sales points, and account for 7,500 of the around 13,000 total number of offices operated by the group.
Read MoreDeutsche Post, Germany’s postal service operator, has revealed that it will bid for Austria’s postal service operator if the latter is privatised.
Chairman Klaus Zumwinkel has announced that he does not intend to close any of Deutsche Post’s current 5,000 post offices across Germany. He has not ruled out, however, that the group will close down some of its outlets at supermarkets and other retail businesses.
Read MoreCarriage charges for Deutsche Post, the German postal service operator, are set to fall in the new year, after its regulator, RegTP, ordered a 7.2 per cent cut for 2003. The move comes hot on the heels of an announcement that DP must repay 850m euros to the country’s government.
Deutsche Post reckons that the carriage price reduction could cost it up to 300m euros per year, between now and the end of its monopoly in 2007.
Read MoreGerman postal company Deutsche Post AG said it set up a new management consulting unit after an internal reorganization. The business consulting unit, which will employ 130 people, combines the mail carrier’s in-house consulting units, market research service, venture capital activities, and publishing services unit. The unit will provide internal consulting services.
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