The European 3PL Market. 2006
The European 3PL Market. 2006
Read MoreTag: Italy
Creating Competitive Edge_x000b_through Technology Innovation_x000b_in Postal Logistics
Presentation by Elsag at WME E06
P:LibraryWME Europe 06 presentationsAndrea_Porcu.ppt
Buying TNT
ith new takeover rumors swirling around TNT, the company did its part to satisfy the chatter, although hardly on the scale that has TNT’s name making the rounds on the mergers and acquisitions market. The Netherlands-based express, mail and logistics giant added two highly targeted postal businesses to its TNT Post operation, shoring up its outlook for the direction of the European distribution and delivery market.
But the additions of Italy’s TMW Italia and British courier JD Williams to the mail operation still left TNT with at least one far larger transaction in its business plan still undone.
Read MorePoste Italiane distributes 117.8 mln Euro dividend
Italian state-owned postal services company Poste Italiane has decided to distribute a 117.87 mln euro (USD152.6 mln) dividend for 2005, it was reported today after a meeting on the approval of the 2005 figures. Italy’s Treasury and local state financing agency Cassa Depositi e Prestiti (CDP) are shareholders in the company. Poste Italiane closed 2005 with a 349 mln euro (USD451.9 mln) net profit, up 19.4 pct year-on-year.
Read MoreItaly post office ready to be privatised, worth 10 bln eur – CEO
Massimo Sarmi, CEO of the Italian post office Poste Italiane SpA, said the company is ready to be privatised and that estimates of a market value of about 10 bln eur are ‘realistic’. Speaking in a meeting with the foreign press, Sarmi said it could take a year for the government to organise an IPO, but a direct sale to institutional investors could be much faster. He added that he has not yet meet the new government of prime minister Romano Prodi, who was sworn in on May 17. Poste Italiane is controlled by the economy ministry with a 65 pct stake, while 35 pct is held by the financial group Cassa Depositi e Prestiti SpA, which is owned by the government and private foundations.
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