Tag: Norway Post

Norway Post notes record profits for 2005

Posted by | Feb 20, 2006 | |

The Norway Post Group’s preliminary results for 2005 show earnings before tax of NOK 1,424 million, up NOK 172 million from 2004. This record-breaking profit is the result of positive market development, acquisitions, and product and service developments, in addition to efficient operations. “Norway Post’s record-breaking result for 2005 shows that we have succeeded in our growth strategy, and that our successful restructuring efforts have yielded results,” says Dag Mejdell, Norway Post’s Chief Executive Officer.

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Norway Post establishes CityMail in Denmark

Posted by | Feb 15, 2006 | |

At a press conference in Copenhagen today, Norway Post presented plans to establish a subsidiary of CityMail in Denmark. Initially, once the company is in operation in 2007, customers in the Copenhagen area will be offered a new distribution service for mail weighing over 50 grams. In the longer term, extending the service to other parts Denmark will be of interest. When the Danish postal market becomes fully liberalised, probably in 2009, this service may be extended to include all letter mail. “We wish to offer our customers Nordic postal solutions. Establishing CityMail in Denmark will complement our strategy and strengthen Norway Post – in the domestic market, too,” says CEO of Norway Post, Dag Mejdell.

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Posten Norge AS pursues bid for OptiMail AB (publ) and the Board of Directors applies for delisting

Posted by | Jan 11, 2006 | |

In a press release today, 3 January 2006, Posten Norge AS announced that shareholders representing approximately 92.3% of the share capital and voting capital in OptiMail AB at the close of the application period, 30 December 2005, have accepted Posten Norge AS’s public offer to acquire all outstanding shares in OptiMail AB. The bid entails that the shares will be acquired at a price of SEK 18.75 by a wholly-owned subsidiary of Posten Norge AS. Posten Norge AS has further announced that the bid is unconditional.

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Norway Post makes offer for OptiMail AB

Posted by | Nov 22, 2005 | |

The Norwegian postal services provider Posten Norge AS (Norway Post) announced on Tuesday (22 November) a public bid for all outstanding shares in the Swedish letter and logistics company OptiMail AB. The offer was made through Norway Post’s wholly-owned Swedish subsidiary CityMail Sweden AB. Norway Post currently controls 21.3% of the share capital of OptiMail AB. The offer amounts to SEK18.75 in cash per share, which represents a premium of 37% and values OptiMail at a total of SEK236m.

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Norway Post buys Swedish food logistics group Frigoscandia

Posted by | Nov 21, 2005 | |

Norway’s state-owned postal service, Norway Post, on Monday announced an agreement to buy Sweden’s Frigoscandia, a regional supplier of temperature-controlled transport of food and other products. Under the agreement, which requires Norwegian and Swedish regulatory approval, the companies withheld the purchase amount. Frigoscandia employs about 1,000 people at 24 special warehouse facilities in Norway, Sweden and Denmark. Its turnover in 2004 was more than 2 billion Swedish kronor, about USD245 million or EUR208 million.
“Norway Post is facing increased competition in a range of areas and this acquisition will strengthen our position in the domestic market too,” said Klaus-Anders Nysteen, acting head of Norway Post.

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