Tag: La Poste

French La Poste and SNCF to set up 50/50 Joint Venture

Posted by | Nov 20, 2006 | |

French national post office La Poste and French national railway company SNCF will set up a 50/50 joint venture company to transport postal freight in Europe on high-speed trains, it was reported on November 20, 2006.
No financial details were disclosed.
The joint venture is expected to be operational at the end of 2008, the two companies said. The deal will enable La Poste to boost the development of its mail quality project, launched in 2004. It represents a total investment of 3.4 bln euro (USD 4.4 bln) until 2010 and aims at improving the speed of mail delivery.
Currently the postal freight uses three high-speed trains, covering eight delivery points between the logisitcs platforms in Paris, Macon and Cavaillon.
The two companies also said that they were studying a project for a high-speed train hub from the Paris airport Roissy Charles De Gaulle 2 (Roissy CDG2) which would make it possible to connect Strasbourg, Dijon, Rennes, Lyon, Bordeaux via Poitiers and Lille.

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French postal workers strike over draft EU directive

Posted by | Nov 14, 2006 | |

The Paris-based LCI TV in French at 1500 GMT on 14 November reports that between 15 and 30 percent of French postal workers are on strike today to protest against a draft EU directive on the complete opening of the European postal market to competition from 2009.

LCI added that the postal workers were holding more than 50 rallies. A spokeswoman for the French postal service, La Poste, told the French news agency AFP that this morning fewer than 1 percent of post offices were closed.

Thierry Breton, economy and finance minister, told Assembly deputies that France remained committed to

The Paris-based LCI TV in French at 1500 GMT on 14 November reports that between 15 and 30 percent of French postal workers are on strike today to protest against a draft EU directive on the complete opening of the European postal market to competition fr

a universal postal service. In remarks made in the National Assembly in reply to a question and broadcast live by France 3 TV, he said that he wanted to reassure postal workers over the draft EU directive, as it took account of most of the government’s concerns. He added: “I wish to reiterate very clearly here that France is and will remain committed to maintaining a high-quality universal postal service at an affordable price across the entire territory.”

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First class delivery for La Poste bond despite status doubt

Posted by | Oct 27, 2006 | |

La Poste issued its first capital markets transaction this week after an absence of two years, achieving attractive funding on the Eu1.8bn two tranche bond, despite discussions in Brussels on the company’s future status as a state supported entity.

The deal was massively oversubscribed, the Eu800m seven year tranche receiving orders of Eu1.6bn, and the Eu1.bn 15 year tranche oversubscribed to the tune of Eu2.7bn, reflecting the revival in demand for long dated securities.

Both segments were priced at the tight end of guidance by joint leads Bardays Capital, Deutsche Bank, Ixis, JP Morgan and Natexis Banques Populaires.

Proceeds of this transaction will be used to make an exceptional contribution of Eu2bn to a reformed pension system of the company’s civil servant employees.

La Poste, which is 100% owned by the French state, enjoys the status of an Etablissement Public Administratif. However, the European Commission has recommended that the French state withdraw its guarantee on La Poste’s debt. The company will also be forced to relinquish its monopoly on postal services in France when the industry is liberalised in 2009.

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France's La Poste wants minimum service guarantees financed by new entrants

Posted by | Oct 19, 2006 | |

French state-owned post office La Poste said that as part of the planned liberalisation of the European postal markets in 2009, new entrants should be required to finance minimum service guarantees.

La Poste CEO Jean-Paul Bailly said he will ask the EU Commission to authorise a system where companies hoping to offer rival postal services must either promise to ensure universal service for consumer mail, or else contribute to a central fund.

‘The commission considers that it is necessary to maintain a harmonised universal service across Europe,’ Bailly said in an interview with French daily Le Monde.

Currently, La Poste offsets losses from ensuring daily consumer mail services throughout France with the profits from business mail, express delivery and other services.

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DPD Switzerland introduces international mail service

Posted by | Oct 17, 2006 | |

DPD has launched a new service in Switzerland for outbound international mail. Volumes are transferred to parent company La Poste in Paris for worldwide distribution.

DPD Switzerland said that international mail lies outside the monopoly reserved area for Swiss Post. It now offers customers the option of collecting their international mail, and forwarding it to La Poste for sorting and onward distribution.

The French post office subsidiary said it is putting particular focus on offering good value for money. The product’s competitiveness is further increased by its strong international network and one-stop shopping service.

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