Tag: International

Christian Salvesen: Court order approving scheme of arrangement for recommended offer

Posted by | Dec 13, 2007 | |

Christian Salvesen PLC (“Christian Salvesen”) announces that, at a hearing today in the Court of Session, the Court granted an order sanctioning the scheme of arrangement under section 425 of the Companies Act 1985 to effect the recommended acquisition by Groupe Norbert Dentressangle S.A. of the entire issued and to be issued ordinary share capital of Christian Salvesen (the “Scheme”) on the terms set out in a circular despatched by Christian Salvesen to its shareholders on 15 October 2007 (the “Scheme Document”). A copy of the court order will be delivered to the Registrar of Companies today.

Christian Salvesen will apply to the United Kingdom Listing Authority for the suspension of the listing of its ordinary shares on the Official List and to the London Stock Exchange for the suspension of the trading of its ordinary shares on the London Stock Exchange’s market for listed securities, in each case with effect from the close of business on 13 December 2007.

Completion of the Transaction remains subject to confirmation by the Court of the reduction of capital which forms part of the Scheme and the registration of the Court order by the Registrar of Companies. This is expected to be received on 14 December 2007, whereupon the Scheme will become effective.

Capitalised terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Scheme Document.

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John Mullen, CEO DHL Express, Excel Award for Communication Leadership

Posted by | Dec 13, 2007 | |

The winner of the 2008 IABC Europe/Middle East Excel Award for Communication Leadership is John Mullen, CEO and Board Member, DHL Express.

John has clearly made a remarkable impact on the success of his organization through his commitment to communication; has shown examples of communication at its best both internally and externally, speaking honestly in the face of problems and using the personal touch with colleagues; and has clearly put communication at the heart of his leadership style, devoting time, energy and enthusiasm to dealing openly, directly and credibly and with his many different stakeholders.

John Mullen will be presented with his award at the IABC’s Eurocomm conference in Barcelona on 4th-5th February 2008, where he will present the keynote address.

Previous Excel Award winners have been: David Radcliffe, CEO of Hogg Robinson (2004); John O’Neill, CEO of AXA Ireland (2005); and John Leggate, CIO of BP (2006).

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TNT Express Targets Emerging Markets

Posted by | Dec 13, 2007 | |

TNT Express aims to grow into the market leader in emerging markets such as China, India and South America, and maintain its strong position in Europe, according to managing director Marie-Christine Lombard.

The express company will continue to invest in the integration and upgrading of recently-acquired companies in China and India, and consider acquisitions in South America to strengthen its business there, she said in a presentation at the company’s Analyst Day in London last week. In South America, Brazilian subsidiary Mercurio would be used as a launching platform for an integrated strategy, with a regional road network and strong intercontinental Europe-South America traffic flows.

TNT Express will also launch a new Liege-Singapore-Shanghai eastbound routing for its B747 China-Europe freighter service in the second quarter of next year, she disclosed. This would improve the eastbound capacity utilisation, which currently lies at just 39pct , and create new opportunities from South-East Asia and China. The westbound Shanghai-Liege route has a 92pct capacity utilisation. On the financial targets for TNT Express, Lombard said that the company is aiming for organic average annual revenue growth of 8pct -10pct and a return on sales of 12pct-13pct for its international and domestic business by 2012.

The emerging platforms (emerging markets) should generate average annual growth of 15pct – 20pct and a mid-single-digit profit margin by 2012. On the group’s European parcels strategy, TNT Post managing director Harry Koestra told analysts that a focused “country by country” approach would be required since market entry was not easy. TNT Post currently has parcels revenues of some EUR 400 million and a 9pct profit margin.

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Correos to double export parcel volumes in December (Spain)

Posted by | Dec 13, 2007 | |

Correos is expecting to double its export parcel volumes to 165,000 shipments during the Christmas period in December after a 65 pct increase in November.

The increase in exported parcels is mainly due to a 23 pct rise in parcels shipped by immigrants living in Spain to their homes in Latin America. The destinations with a major increase are Bolivia (+80 pct), Argentina (+38 pct) and Brazil (+30 pct).

In November, the number of import parcels sent to Spain for distribution within the country increased by 25 pct to 180,000 parcels compared to the same period last year. For December, it is assumed that more than 220,000 parcels will be distributed in Spain, coming to a major extent from the EU countries, especially France and Germany.

All types of parcel products are growing, Correos pointed out. Deferred and guaranteed delivery parcels are up by 15 pct while express shipments increased by 11.35 pct.

According to the latest figures from the Kahala Group of international postal operators, which includes Correos, more than half of the express parcels and 75 pct of postal shipments worldwide are handled by Kahala members. In Spain, there was a 45 pct increase in shipments from Asian countries in November compared to the same month last year.

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Austria Post: Supervisory Board Resolves to Publicly Invite Applications to Fill a New Management Board Position with Responsibility for the Parcel & Logistics Division

Posted by | Dec 13, 2007 | |

Supervisory Board Resolves to Publicly Invite Applications to Fill a New Management Board Position with Responsibility for the Parcel & Logistics Division

In today’s meeting, the Supervisory Board of Austrian Post formally resolved to publicly invite applications to be submitted for a new position to be created on the Management Board, with responsibility for the Parcel & Logistics Division. The job announcement will be officially published as soon as possible, in accordance with the Public Appointments Act (Stellenbesetzungsgesetz).

In this context, Peter Michaelis, Chairman of the Supervisory Board of Austrian Post, said: “Due to the dynamic competitive environment in the European postal and parcel delivery market, as well as the increasing importance of the Parcel & Logistics Division within Austrian Post, the Supervisory Board decided to delegate responsibility for these operations to a separate member of the Management Board. The Parcel & Logistics Division plays a significant role with the Austrian Post Group, as a result of the expansion strategy being pursued and the related integration of the new subsidiaries, as well as the company’s further internationalisation efforts.”

The new position will be filled as quickly as possible following the legally stipulated period of four weeks for potential candidates to submit applications. Up until the appointment of a new Management Board member, Anton Wais will continue to manage the Parcel & Logistics Division on an interim basis.

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