Tag: La Poste

TNT re-emerges as possible takeover target

Posted by | Sep 29, 2006 | |

Dutch mail and logistics company TNT has become the subject of renewed takeover speculation after the European Union’s highest court ruled that the Netherlands is breaking the law in owning a “golden share” in the global mail and express delivery company.

The European Court of Justice said the government’s stake, which gives it veto power over TNT’s mergers and acquisitions, is incompatible with the free movement of capital in the 25-nation EU.

The Dutch government has held the stake since the 1980s when the former state-owned post and telephone company was privatized and split into a telecommunications group and a mail operator. The company subsequently expanded into logistics and express delivery.

TNT shares rose 3 percent immediately after the court ruling on speculation that the decision would make it easier for companies such as UPS, FedEx and Deutsche Post to take over the group. La Poste, France’s state-owned mail monopoly, also has been named as a likely suitor.

TNT was at the center of takeover speculation last November when Cornelius Geber, a former executive of Swiss logistics giant Kuehne & Nagel, said he was trying to organize a consortium to launch a bid.

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New parcel processing system in La Poste

Posted by | Sep 18, 2006 | |

French national post office La Poste will invest some 25 mln euro (USD31.7 mln) in a new parcel processing system in the Loir-et-Cher region in north-central France, it was reported on September 15, 2006.
The platform, which will be operational in April 2007 will employ about 220 people. It will cover an area of 26,000 sq m and will process about 200,000 parcels a day.
The company also reminded that it had invested some 80 mln euro (USD101.3 mln) in the renovation of its logistics and mail delivery services in that region in the course of 2005 and 2006.

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GeoPost may pick 10% in DTDC

Posted by | Sep 7, 2006 | |

Geopost of France may pick up 10% stake in Bangalore-based courier and express company DTDC, in which Anil Ambani-controlled Reliance Capital holds 40%.

Subhasish Chakraborty, chairman and managing director of DTDC, who along with his family, currently holds 60% and management control, is expected to dilute stake to 50%.

Mr Chakraborty told ET said he is in talks with a few international players for a tie-up. But he refused to divulge further details.

One of the three leading players in the domestic industry, DTDC is steadily increasing its foreign presence. It has already set up its own network in all Saarc countries, the US and the UK. Recently, it tied up with a Pakistani company ACB Care, and signed an agreement with the Chinese Kerry Logistics, to foray into two growing markets in terms of India’s bilateral trade.

DTDC now enjoys a network of 3,700 centres comprising franchisees and own offices, and clocked revenues of Rs 125 crore on standalone basis during last financial year, and Rs 250 crore cumulatively with franchisee revenues. DTDC now aims to grow to Rs 500 crore revenues by ’10.

Sources said DTDC is also looking at taking over small regional players to grow in the domestic market. It had initiated negotiations with Mumbai-based Speedage Express Cargo Services, but Speedage was subsequently taken over by TNT last week. Sources said DTDC would soon announce a few mergers that will propel the company into the top league in the domestic market.

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Belgium's La Poste Purchases Oxygen's Electric Scooters

Posted by | Sep 5, 2006 | |

De Post-La Poste, the national postal company of Belgium, and Oxygen, an Italian manufacturer of light electric vehicles, have signed a two-year contract for the supply of electric scooters. The first set of 50 Oxygen scooters will be tested by the Belgian post operator over the next six months, after which La Poste will decide on the further integration of the “Postscooter” within the La Poste fleet. The Postscooter will enable the fleet of La Poste to deliver mail door-to-door on a daily basis (currently about a 5,000-scooter fleet).

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La Poste puts up French stamp prices from October

Posted by | Aug 1, 2006 | |

La Poste, the French national postal operator, has announced a stamp price rise of one euro cent for standard domestic letters with effect from October 1, 2006. It is also increasing corporate rates but offering more discounts for large volumes.
The price rise means that French consumers will be paying euro0.54 for a standard letter weighing up to 20 grams. La Poste said that the new domestic price was “the exact average” of European postal rates for domestic letters yet it had to provide a wider universal service than its European competitors with higher collection and distribution costs due to the size and low population density of France. The increase would have a minimal impact on French household costs with less than euro2 per year.

Postal rates for French businesses will rise in two stages. From October 1, smaller customers will pay higher prices but also be able to take advantage of a new volume-based offer with preferential tariffs. At the start of 2007, business with large mail volumes will face a 2.6% rise in prices. La Poste said that this was the first price hike since January 2003 and was well below the 6.5% increase in general prices since then.

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