Deutsche Post looking to outsource income
Deutsche Post is in negotiations with several large industrial firms over logistics outsourcing contracts, chairman of the board of management Klaus Zumwinkel said.
Read MoreTag: Germany
DPWN: Global Acquisition Plans on Hold
Deutsche Post (G.DPW) intends to postpone acquisitions plans in the U.S., Europe, and Asia as a result of increased risks caused by the Sept. 11 attacks in the U.S., Chief Executive Klaus Zumwinkel tells Tagespiegel.
Read MoreSale of LTU stake lets Swissair off the hook
Swissair, the embattled Swiss flag carrier, has agreed the sale of its 49.9 per cent stake in LTU, the German charter airline, for a symbolic E1 in a move that allows it to avoid honouring a financial commitment that could have cost it up to SFr1.3bn ($785m).
Last week the state savings bank of Dusseldorf announced that it would take over Swissair’s 49.9 per cent stake in LTU in a government-orchestrated bail-out that has been heavily criticised by Lufthansa, Germany’s national airline, which competes with LTU through its stake in Condor, a rival charter airline.
Read MoreDeutsche Post Investment
November 2001 – Deutsche Post has acquired 16.8% of an internet based security provider, MediaSec Technologies GmbH.
Read MoreDeutsche Post World Net in talks for logistics outsourcing contracts
German postal and logistics giant Deutsche Post World
Net is in negotiations with several large industrial firms over logistics
outsourcing contracts, chief executive Klaus Zumwinkel told Reuters on
Wednesday.” The article states: “Zumwinkel declined to name the companies
involved but said he was particularly interested in Europe and in the
automotive, information technology and trade sectors. The Deutsche Post
chief executive reiterated that he remained interested in expanding the
group’s activities through acquisitions. ‘There are very many opportunities
on the table at present and they cover the whole world,’ he said. Logistics
subsidiary Danzas announced earlier on Wednesday that it was buying Austrian
transport group Cargoplan/Cargoline, with annual sales of 80 million euros,
to expand its business in Austria and eastern Europe. Zumwinkel also
repeated forecasts made last week that Deutsche Post aimed to increase
profits and sales by five percent this year. No predictions about 2002 could
be made until early next year once it was clear how the fourth quarter of
2001 had gone, he added.”
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