July 6 2001 – Correos y Telegrafos (Spanish Post)has announced the formation of a joint venture with La Poste (France) in which Spanish post has a majority holding. The company will be an express parcel carrier.
Read MoreSpain and India are the latest countries to extend ties with La Poste after Correos y Telegrafos agreed to increase its cooperation with the French, and Paris became the hub of an Indo-European parcel venture. Alberto Nunez Feijoo, general manager of Correos y Telegrafos, and Martin Vial, chairman of the La Poste group, have both pledged to “enhance their cooperation in order to consolidate their joint position in the Spanish express parcels market”, said La Poste in a statement.
Read MoreLa Poste, the French post office, wants to be one of the top three parcels groups in Europe, according to chairman Martin Vial.
Read MoreLa Poste Group Chairman Martin Vial has opened a new GeoPost UK hub in Birmingham. The new facilities cover 50,000 sq m and represent an investment of £15m.
Read MoreFrench state-owned postal service La Poste is not participating in the alliance formed by French banks Caisses d’Epargne and Caisse des Depots (CDC) – despite being one of the main distribution networks for the life insurance products of French insurer CNP, and one of its main shareholders. La Poste has an 18 per cent stake in CNP, as has Caisses d’Epargne, while CDC has a 37 per cent stake.
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