Tag: Germany

Deutsche Post WN to file complaint over the €850m owed in state aid to the government

Posted by | Dec 21, 2002 | |

Deutsche Post World Net AG is filing a complaint against the government over the latter’s demand that the company repay about 850 mln eur in state aid ruled unlawful by the European Commission, CEO Klaus Zumwinkel said in an interview with Der Spiegel. According to extracts from the interview, due to be published this weekend, Zumwinkel said the legal action, brought before the administrative court, is designed to ‘finally clarify’ by January the amount the company will be required to pay back.

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Deutsche Post chief urges government to sell its stake by 2007

Posted by | Dec 20, 2002 | |

Deutsche Post chairman Klaus Zumwinkel hopes the German government will sell its remaining shares in the partially privatised postal authority by 2007, the deadline for liberalisation of postal services in Europe, he said in a magazine interview released Friday.

“I hope the state won’t wait too long to cut its stake to zero, even if it still currently holds 68 percent,” Zumwinkel told the weekly magazine Der Spiegel. “Governments always make bad corporate bosses.”

Deutsche Post is scheduled to lose its monopoly in letter delivery in 2007.

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German Postal Service plans Austrian takeover

Posted by | Dec 13, 2002 | |

Deutsche Post is planning to buy a majority stake in the Austrian postal service, Osterreichische Post.

Deutsche Post, which generates 32.9 per cent of its E33.3bn (#21.3bn) group revenue (2001) outside Germany, is pushing for as much as 75 per cent. The Austrian government, which owns Osterreichische Post, has confirmed that talks have been held with the German company.

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Demise of EG couriers brings some respite to fighting companies

Posted by | Dec 10, 2002 | |

The demise of EG couriers has bought respite to some companies fighting it out in a tough industry

The German courier industry has been shaken up by the recent failing of one of its better-regarded operators, EG Courier. The decision by the banks to foreclose on the operation has meant that a substantial volume of business has become available to its competitors that have so far survived the current turbulence in the market. Carsten Daniels, general manager international at GDSK, says he has seen business grow by 35-40 percent since the beginning of October, when EG was shut down.

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