Tag: La Poste

PIN Group attracting interest from CVC Capital

Posted by | Jan 10, 2008 | |

PIN Group, the troubled German mail delivery company that has put itself up for sale, has attracted interest from French, Austrian and Swiss postal services companies as well as from buyout firm CVC Capital, Handelsblatt said, citing unnamed consultants.

The sources said CVC, La Poste of France, Osterreichische Post and Suisse Post have contacted Axel Springer AG, PIN Group’s majority shareholder, the paper reported, adding that an Axel Springer spokeswoman declined to comment.

La Poste of France and Oesterreichische Post said they were not interested in PIN Group, Handelsblatt said.

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GeoPost to buy 60 pc stake in Delhi-based Continental Air Express

Posted by | Jan 8, 2008 | |

Paris-based GeoPost Intercontinental is buying a 60pct stake in Continental Air Express for Euro 4, 00,000 through preferential allotment of equity. GeoPost, a Paris-based firm with a turnover of close to Euro 3,000 million in 2006, is engaged in B-2-B express parcel deliveries. The promoters of Continental Air Express – Vipin and Vaibhav Vohra- and GeoPost will invest an additional e 4 million in the ratio of their shareholding 40pct:60pct, respectively.

According to a recent E&Y study, India’s logistics market is pegged at USD 40 billion and is expected to grow at 15-20pct over the next 5 years. At present, only 25pct of the total logistics business is outsourced while the rest is handled by companies in-house.

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GLS France: strong growth in export volumes

Posted by | Jan 7, 2008 | |

GLS France recorded a 25 pct growth in export shipments sent to Europe last year further strengthening its cross-border structures and enhancing European interchange.

From Paris and regions bordering on Germany, export volumes rose by 46 pct compared to previous year, the parcels firm said in a statement. It did not release any total figures for volumes or revenues.

GLS said the export parcels are mainly destined for countries bordering on France like Germany, Belgium and Italy. The majority of parcels are exported to Germany (23 pct), Belgium (20 pct), Italy (1 pct), UK (13 pct) and Spain (11 pct).

GLS France said it expected this growth to continue and would continue to optimise its tools and processes to boost this development. For example, in April 2007 it established a direct connection ensuring 24-hour delivery from Paris to Belgium.

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La Poste entrusts Bull to host its digital postmark application

Posted by | Jan 4, 2008 | |

La Poste entrusts Bull to host its digital postmark application.
The French Post Office Group (La Poste) has renewed the outsourcing contract for its digital postmark application for the second year running.

Customer issue

The digital equivalent of the traditional postmark, the digital postmark enables proof of an electronic event to be set up and managed (issuing identity, date and time stamping, data integrity), this proof being legally upholdable to a third party. In essence, the postmark uses specially adapted cryptographic mechanisms to enable basic questions about an electronic event to be answered: WHO initiated the event? WHEN did the event’s author create, see, sign, receive, etc? WHAT is the content of the digital event?

The ‘Digital postmark’, with its signature validation authority and date stamping authority functionality, enables the French Post Office to position itself in France as trusted third party in digital data exchanges.

Bull provided

Developed by Bull, this application is hosted and monitored 24/7 at Bull’s high security production centre. It is based on a replicated architecture distributed across ten Bull NovaScale Universal servers. It was designed in n-tier mode (portal, applications server, database server) and a J2EE environment built around the JOnAS application server developed by the OW2/ObjectWeb consortium, dedicated to Open Source middleware. The application conforms to DPM (Digital Postmark) standards drawn up by the Universal Postal Union (UPU), a United Nations agency responsible for standardizing exchanges between the different postal networks.

Bull’s contribution fulfills the requirements of La Poste:
• Very high service quality
• Capacity to handle a rapid rise in throughput
• Minimal timescales for restoring systems in the event of a major incident.

Web Site http://www.laposte.fr

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Italy's post office

Posted by | Jan 4, 2008 | |

Now might not be a great time to launch a financial services stock, but Italy’s national postal service — led by its booming banking unit — is gearing up for a float.

Having rewritten its history as a lethargic administration that could barely be trusted to deliver a letter in time, the post office was valued this year by investment banks at as much as 15 billion euros, said Sarmi. He declined to say which banks had provided the estimate.

That would make it Italy’s third-largest retail bank by market value at current share prices and is 50 percent higher than the estimated value Sarmi cited for the postal group more than a year ago.

And while billions have been wiped off banks’ market value globally by their loans to ‘subprime’ borrowers, analysts say the post office — which in a float would offer shares to both domestic and foreign investors — is a banking story that has succeeded by betting on the simple and safe.

Key to Poste Italiane’s business model has been a strategy of using its 14,000 outlets across Italy to offer bank accounts and loans, exploiting its reputation as a conservative player that has catered to pensioners and families for decades.

In 2006, about 67 percent of Poste Italiane’s revenue came from ventures outside mail.
“It’s not an exciting business but it’s profitable,” said Vetulli.

Poste Italiane has joined a broader trend of postal groups diversifying out of the low-margin mail business into more lucrative segments, as the rise of the Internet and email challenge the concept of traditional mail.

With banking also using electronic networks, postal groups have found it relatively easy to branch out — capitalising on numerous outlets that give them a market position other retail operators can only dream of, and an image of reliability.

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