Tag: La Poste Belgium

Dutch TPG considers bid for stake in Belgian De Post

Posted by | Jan 26, 2005 | |

TPG NV is considering the opportunities to make a possible bid for a stake in Belgian postal company De Post/La Poste, a spokesman of TPG said on January 25, 2005. Bids for a stake in the Belgian company are to be filed at the end of February 2005 at the latest, Belgian media sources said, based on statements of De Post’s chief executive officer, Johnny Thijs. TPG is also in the race for a 25 pct stake in Post Danmark, for which the company has made an official bid. The Danish government expects to select an exclusive party at the beginning of February 2005. According to TPG spokesman, the company had enough financial space for both bids. The spokesman did not say when TPG would take a decision on a possible bid for a stake in De Post.

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TPG: showing its muscle in Brussels?

Posted by | Dec 8, 2004 | |

Dutch postal and logistics group TPG [TPG.AS] has is considering selective acquisitions in the European postal market, according to the Dutch newspaper the Het Financieele Dagblad. The move forms part of a wider contest in the European postal market, with the bigger operators competing to secure stakes in postal companies, as Europe’s postal sector opens up to competition.
As well as the media reports that it is looking at a European acquisition, TPG has also reiterated that it will meet its operating margin targets set for 2004. The targets include a margin of around 21.5% at its mail unit, 10% at the Express division and some 4% at the logistics unit. TPG’s chief financial officer, Jan Haars, said that the company would use the surplus cash for investments rather than share buy-backs from the Dutch government.

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PostEurop elects new Chairman

Posted by | Dec 8, 2004 | |

Yesterday, 8th December 2004, PostEurop’s Board elected Mr Bernard Damiens from De Post/ La Poste Belgium to the position of Chairman as of 1st January 2005.The Board also thanked outgoing Chairman Jack Dempsey from An Post, Ireland, for his hard work over the last five years.

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Belgian minister to call for offers for La Poste before Christmas

Posted by | Dec 8, 2004 | |

Belgian enterprise minister Johan Vande Lanotte will call for offers from international partners for La Poste before Christmas, reported Belgian daily Le Soir, citing sources close to the case. In the next few days, the parliament will vote on the text of the law which will allow the government to negotiate with industrial partners and set the public participation at a minimum of 50.1 pct. The British, German and French postal services are said to be interested in entering the Belgian market and yesterday TPG NV reaffirmed its interest in taking a stake in La Poste.

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Belgian Post Office ‘damages half its parcels’

Posted by | Nov 30, 2004 | |

The Belgian post office damaged almost half the parcels it transported as part of a European wide test, it emerged on Tuesday. The European Consumer Centre (ECC), which is subsidised by the European Commission, used national post offices across the EU to send 260 parcels to 13 destinations, La Derniere Heure reported. All of the parcels weighed 2.5 kilograms and were sent on 14 September. On average 13.6 percent of the packages arrived damaged at their destinations. But those handled by the Belgian Post office had a much worse time. A total of 46 percent – almost half – of the 24 parcels the post office had to process were damaged when they reached their destinations, the ECC found.

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