Tag: La Poste

TPG eyeing stake in Belgium’s La Poste

TPG NV is watching developments on the European postal markets ‘with great interest’ and will carefully consider any opportunity that may arise, said TPG spokesman Tanno Massar.

His comments follow a report in Belgian financial daily De Tijd that said Belgian Prime Minister Guy Verhofstadt will tell parliament next week that the publicly-owned postal service De Post/La Poste may look for a private partner.

Analysts consider TPG a likely candidate to acquire a stake in the Belgian postal service.

‘We’ll have to wait and see how the situation develops. At the moment, it is only a draft proposal,’ Massar said.

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Belgian PM to approve private partner for De Post/La Poste

Belgian prime minister Guy Verhofstadt will tell parliament next week that the publicly-owned postal service De Post/La Poste may look for a private partner, reported financial daily De Tijd citing the draft speech.

The postal service will be allowed to find a ‘stable industrial’ partner with a long-term strategy, the partner said.

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World’s postal organisations set out plans to deliver a high technology

Edouard Dayan of France’s La Poste, elected this week as director-general of the Universal Postal Union, will take over the venerable United Nations agency at a challenging time for the world postal industry.

In rich nations, “snail mail” has lost ground to email and the web, and national posts face stiff competition from private operators in the parcels sector, where they now have only a quarter of the domestic market.

Instead, posts have responded to privatisation, deregulation and the explosion in communications technologies by turning themselves into high-tech commercial enterprises offering a range of mail, logistics, financial and other services, often internet-based.

This has meant painful cost-cutting for many. More than 1m postal jobs have been lost in the past decade. Thousands of post offices, mostly in rural areas, have been shut.

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La Poste France 1H Net Profit EUR383 Mln

France’s state-owned postal service La Poste said Thursday its net profit more than doubled in the first half compared to a year-earlier period it called exceptionally weak. La Poste’s net profit was EUR383 million in the first half, up from EUR187 million last year when the company blamed increasing competition from electronic mail and a weak stock market for a plunge in its bottom line. Revenue for mail delivery, which accounted for 60% of La Poste’s EUR9.4 billion first-half revenue, rose 6.7% during the period thanks to higher prices for stamps, La Poste said.

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French postal workers strike against planned closure of post offices

Nearly one in 10 postal workers in France went on strike Tuesday to protest against reorganisation plans they fear will lead to nearly half of the country’s 14,000 post offices being closed and massive lay-offs. “Around seven to nine percent of personnel” observed a nationwide stoppage called by three of the state-owned organisation’s main unions, management at La Poste said in a statement. It added that it had taken steps to ensure mail and courier deliveries would not be halted. “Disturbances will therefore be very limited for all clients, both companies and individuals,” it said. La Poste is planning on reducing the number of post offices dotted around France in an effort to streamline operations and put it on a competitive footing compared to counterparts in other European countries, but it has been coy on details.

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