Italian postal services group Poste Italiane closed the first half of 2002 with losses of Euro 62m compared with losses of Euro 44m in the same period last year. But with regard to delivery quality, Italys communications minister, Maurizo Gasparri, said the post had exceeded predicted targets for the half year.
Read MoreA report in the Gazzetta Ufficiale on “Controls on the quality of the postal service” states “In the first 6 months of the year the company has respected the service rates predicted.” Between January 1 and June 30 2002 the results for normal and priority mail were above those requested within the quality criteria within the contract for schedules.
Read MoreCorreos y Telegrafos, CTT Correios de Portugal, Poste Italiane and Hellenic Post ELTA have signed an agreement to co-operate in improving the development and management of their postal services.
Read MoreLa Poste, the French postal service operator, is aiming to complete a quick-fire bond offering this week ahead of transactions from Deutsche Post and Poste Italiane.La Poste awarded the mandate for a benchmark 15-year offering late last week to BNP Paribas and HSBC, but demand has proved strong and bankers close to the deal expect launch to take place by mid-week.
One banker said: “La Poste is an extremely rare issuer that always attracts a strong response. Not much marketing was needed and we have already received a lot of inquiries from investors both within and outside France.”
Poste Italiane SpA is planning to launch its debut Eurobond, lead managers for the deal Deutsche Bank and JPMorgan said on Tuesday. The euro-denominated transaction will be offered from under the issuer’s Euro medium-term note programme which will be signed shortly, the leads said in a statement.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
