Deutsche Post AG is expected to be fined in “two-digit millions” by the European Commission for anti-competition practices, Die Welt newspaper said, citing sources in Brussels.
Read MorePrivate delivery companies plan to take all possible steps to prevent the
prolonging of the monopoly held by Deutsche Post AG, the German post office,
in the delivery of letters weighing less than 200 grams
Deutsche Post has reportedly spent about $5 billion over the past two
years or so on acquisitions, including the purchase of U.S.-based Air Express
International Corp. and Switzerland-based Danzas Management AG. The
company also recently raised its stake in DHL International to 51% from 25%.
DHL Airways could be split into two separate companies, one small firm for
>>air operations and a second, relatively big firm for ground operations,
>>Zumwinkel indicated
Deutsche Post AG (G.DPW) could make further acquisitions this year even as it focuses on the integration of its various existing units, including express delivery firm DHL International Ltd., Deutsche Post Chairman Klaus Zumwinkel told Dow Jones Newswires
Read MoreIn Europe, Deutsche Post will likely continue to be legally protected from
>>competition in the letter business for years because of opposition by many
>>European Union countries to far-reaching postal market liberalization,
>>Zumwinkel said
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