Tag: La Poste

Seur franchise owners reportedly ready to sell

Posted by | Jun 4, 2008 | |

A group of Seur franchise owners is ready to sell their holdings which add to up to a majority stake in the leading Spanish parcels company, according to media reports. DHL, UPS and investment funds are reportedly interested but existing shareholders, including GeoPost, have the right to outbid them.

The group of franchisees represents 52 pct of the capital of the parent company, Seur SA, 65pct of the franchises by number, and generate 56 pct of gross profits, Spanish newspapers Expansión and El Mundo reported. The regional operators have jointly commissioned investment bank Arcano to seek offers for their shareholdings. International equity funds and multinationals such as DHL and UPS are interested parties, Expansión wrote.

The express parcels group has a complex, decentralised ownership structure comprising regional franchisees who also own small stakes in the parent company Seur SA. Seur has 85 franchisees in total controlled by 54 companies. More than 75pct of these owners are among the prospective sellers, according to the newspapers.

The largest single shareholder is GeoPost, the French La Poste subsidiary, which has built up a 19.6 pct stake in the parent company in recent years by gradually acquiring individual franchisees through the joint venture Seur-GeoPost.

In a company statement, Seur reiterated that the right of first refusal on any shareholder shares being sold meant that it would have preference over any outsider buyer as long as it matched their offer. The head office had not been officially informed by any shareholder that it wanted to sell its holding, it added.

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Postal Industry Launches Global Carbon Measurement System

Posted by | Jun 2, 2008 | |

The International Post Corporation (IPC) has launched an environmental measurement and monitoring system providing a common carbon measurement and reporting framework for the global postal industry.

The launch and formal adoption by IPC member postal operators including Australia, Austria, Belgium, Canada, Cyprus, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, The Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, and the UK, took place at IPC’s Annual Conference 2008 in La Chapelle en Serval, France on 30 May. The event was attended by CEOs from Europe, the Asia-Pacific and North America.
The system provides the postal industry with a transparent, scientific, sector specific carbon management and measurement system based on the requirements of international best practice standards, such as the Greenhouse Gas Protocol, DJSI, FTSE4Good, ISO 14001, and current best practice from the corporate environment. The system evaluates performance through the application of a scoring system that grades performance in ten carbon management proficiency areas and in key numeric carbon efficiency indicators.

The environmental measurement and monitoring system was also built on best practice as exemplified by customers of IPC members and is highly responsive to customer requirements and interests in measuring their own carbon footprint in their value chains.

The system will be piloted in 2008, with results from the first round of measurement expected to be announced in November 2009.

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Belgium open to postal ties to Scandinavian group

Posted by | May 31, 2008 | |

Belgium is open to the idea of its postal service becoming part of the new joint Danish-Swedish mail group, a minister told Belgian business daily De Tijd in a story published on Saturday.

Sweden and Denmark agreed in April to merge the two countries’ post offices, creating a company with annual revenues of about USD 7.5 billion that will eventually be listed.

Sweden will own 58.23 percent of the capital. The letter of intent was also signed by private equity firm CVC Capital Partners which owns a minority stake in Post Danmark, the Danish post office.

The move has led to speculation about what might happen to Belgium’s postal service, in which the Belgian state has 50 percent and one share. Post Danmark and CVC have the remaining stake of just under 50 percent.

Vervotte was open to the idea of Belgium’s La Poste/De Post, and its 37,000 workers, becoming part of the new Scandinavian group.

Belgium has similarly said it wishes to retain control over former telecom monopoly Belgacom , but might be ready to lower its stake if Belgacom found a merger partner.

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Massimo Sarmi confirmed CEO for the third mandate (Italy)

Posted by | May 29, 2008 | |

Massimo Sarmi has been reappointed as CEO and Giovanni Ialongo, as the new Chairman of Poste Italiane. This is the third consecutive mandate for Massimo Sarmi, managing the Company since May 2002.

Through a profound program of renewal, Sarmi has performed budgetary outcomes in constant growth, to close 2007 with 17.2 billion euros of revenues, placing the Group among the leaders for profitability within the postal operators in Europe.

Giovanni Ialongo was appointed as the new Chairman for Poste Italiane. As former Chairman of Postelegrafonici Institute Ipost, he is currently its Commissioner. Among the positions he holds are: member of the High Council for Communications, President of Pensions SISPI Italy and member of the Italian Society of Services for the Integrative Pensions (owned by INPS and IPOST). He was born in Pico (FR) in 1944. He is married with one child.

Members of the Board of Directors were also appointed Roberto Colombo, Nunzio Guglielmino and Mauro Michielon.

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