The German stock market regulator, BAWe, will investigate press leaks of details of a confidential official report revealing tax fraud by Deutsche Post, the Financial Times Deutschland reported Friday.
Shares in the partly privatised postal company plunged after the publication early this year of the leaked excerpts.
Read MoreIn spite of the current economic downturn, Schenker presented excellent halfyear results for the first six months of 2001. What do you think is the reason for the growth in earnings?
Above all it is due to our high productivity and very efficient cost management. as market conditions changed very little in the first half of the year.
Deutsche Post AG, the German postal operator, is facing more problems with the announcement by the country’s current opposition parties that it plans to overturn the current tax privilege of up to 450m euros which the service enjoys. Additionally, the CDU said that it will demand that DP pays back millions in VAT.
Read MoreDeutsche Post AG, the German postal operator, is looking to take over transportation for several large European companies. The company said that it is engaged in valuable talks with four companies at present, but chairman Klaus Zumwinkel refused to name them.
Read MoreDeutsche Post World Net AG will have to lower its postage rate by 0.01 eur this year, the weekly magazine Der Spiegel reported, in an article to be published tomorrow, without citing sources.
This is much smaller than the 0.06 eur cut called for by Germany’s post and telecommunications regulator RegTP.
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