Agence France Presse has reported that Deutsche Post intends to float its shares in seven European countries. Shares should go on sale November 6 in Austria, Britain, Germany, Italy, the Netherlands, Spain and Switzerland. Weak sales on the French stock exchange in July 1999 and June 2000 from stocks of Deutsche Telekom has prompted Deutsche Post to avoid France.
Read MoreThe MRU Consultancy (Germany) has reported that the German Post Office has taken next steps in the “European Parcel War”. Just a few days after the acquisition of part of the parcel network of competitor DPD, Post Office subsidiary German Parcel allegedly presented an offer to another DPD-Franchisee, the Hellmann Group of Partners. Hellmann, the biggest DPD-partner, is running six depots in the northern part of Germany and their parcel business is said to be nearly twice that of Dachser, which was acquired by GP just one week ago. An internal source mentioned that GP is willing to pay more than EUR 200 mio. for the acquisition; that will mean a price about 30% higher than was paid to Dachser. “If this rumor proves to be true,” MRU sources said, “the pressure on La Poste will continue to grow.”
Read MoreCourier-Express-and Postal Market News, a news service of the MRU Consultancy GmbH, has told PostCom that the German Post and Telecommunications Regulatory Office “intends to start an investigation into parcel transit time.” The investigation is based on the German Post Office Act, which defines the handling of parcels up to 20 kg as a “postal service.”
Read MoreThe British newspaper, the Independent has reported that “Between a quarter and a third of the German postal monopoly is being sold off and retail offers will take place in seven European countries including Germany and the UK. The privatization of Deutsche Post will put further pressure on the UK’s Post Office, already facing increased competition from overseas.
Read MoreRoyal Mail is pursuing its complaint against Deutsche Post over alleged surcharges on international bulk mail, even though the two Post offices have resolved their dispute. http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT36NFGSIEC&live=true&tagid
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