Tag: Switzerland

Air Express International (AEI) Signs Definitive Merger Agreement With Deutsche Post; Deutsche Post Gains Base In U.S.A.

March 2000 Deutsche Post bought the shares in Air Express International (AEI) for a reported $1144m. In the DP annual report the actual cost was listed as Euros 1197m. Assets acquired were Euros 1708m of which Euros 1055m was goodwill. Liabilities were Euros 421m. In the year 2000 AEI enhanced revenue by Euros 638m and the profit effect was -10m Euros.

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