Swiss Post acquires majority in German GHP
Swiss Post has bought a majority in German direct marketing and customer management company GHP Holding GmbH, Swiss Post said on July 25, 2006.
Swiss Post has acquired two-thirds in GHP, but has the option to fully take over the German company by the end of 2008.
The purchase price is in the two-digit million euro range.
According to analysts’ estimates, the deal price corresponds to between 11 pct and 15 pct of GHP turnover, or between 30 mln euro (USD37.7 mln) and 40 mln euro (USD50.3 mln). Swiss Post did not comment that.
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