Ochoa on expansion course in Granada
Transportes Ochoa has opened its seventh automated parcels terminal in Andalusia in the south of Spain.
Read MoreTag: Spain
Mediterranean Postal Co-operations
Correos 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 MoreNorthgate closes in on Europe
Northgate has made its first move into Europe with the purchase of a major stake in Furgonetal de Alquiler SA (Fulalsa) of Spain.
Read MoreSpain Post Acquires Servipack
Correos, the Spanish postal group, yesterday announced the purchase of 100 per cent of Servipack, the express parcels company, from Vista Capital, the venture capital company in which Royal Bank of Scotland and SCH, the British and Spanish banks respectively, have stakes. Chronoexpres, the express delivery division of Correos, will absorb the acquisition. Following the operation, Correos will increase its stake in Chronoexpres from 57 to 74.23 per cent. The French post office will hold the remaining shares. The amount of the operation has not been officially announced, but it could be in excess of 40m euros.
Read MoreSpanish Post Office launches third urgent delivery service
Correos, the Spanish post office, announced Friday that it will create Spain’s third urgent parcel delivery service, Chronoexprés, after giving the green light to the acquisition of Servipack. The new company is expected to manage 24 million deliveries a year.
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