Deutsche Post, the German postal service operator, has reached an out-of-court settlement with smaller rivals in a dispute relating to certain sectors of the market for the delivery of letters. The company is said to have promised to put forward a contract for approval by April 25 at the latest. A spokesman for Deutsche Post has confirmed that the agreement relates to postal service operators Deniz, Pin AG and DirektExpress.
Read MorePIN AG, the German private delivery company, has for around two years delivered mail and packages at lower prices than former monopolist Deutsche Post AG. Following postal sector deregulation, it has the necessary licence from the post and telecommunications regulatory body, on condition that it offer a higher-quality service than Deutsche Post.
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