BSCH and Royal Bank of Scotland is to pay Pta100bn for 85% of Seur, through their investment company, Vista Capital (BSCH is Banco Santander Central Hispano). Due diligence is expected to be completed by November 2001.
Read MoreJuly 6 2001 – Correos y Telegrafos (Spanish Post)has announced the formation of a joint venture with La Poste (France) in which Spanish post has a majority holding. The company will be an express parcel carrier.
Read MoreSpain and India are the latest countries to extend ties with La Poste after Correos y Telegrafos agreed to increase its cooperation with the French, and Paris became the hub of an Indo-European parcel venture. Alberto Nunez Feijoo, general manager of Correos y Telegrafos, and Martin Vial, chairman of the La Poste group, have both pledged to “enhance their cooperation in order to consolidate their joint position in the Spanish express parcels market”, said La Poste in a statement.
Read MoreThe Spanish government yesterday approved the conversion of state postal group Correos y Telegrafos into a wholly state owned company, with the aim of granting it greater flexibility to compete in a deregulated European market
Read MoreJuly 6 2001 – La Poste France has entered a joint venture with the Spanish Post Office in which La Poste is a minority Partner. The Venture ChronoExpress is an express parcel company.
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