Tag: TPG

Dutch TPG not aware of result for 25 pct stake in Post Danmark

Posted by | Mar 16, 2005 | |

Dutch TPG NV is not aware yet of the result of the race for a 25 pct stake in Danish post company Post Danmark, a TPG spokesperson said on March 16, 2005.
The spokesperson made the statement in reaction to earlier announcements in the Danish media, according to which the Danish Government planned to sell a 25 pct stake in Post Danmark to the multinational capital fund CVC Capital Partners.
TPG chief executive officer (CEO), Peter Bakker, said at the end of February 2005 he expected to have clarity within a month about the non-binding preliminary bid for a 25 pct stake in Post Danmark, made by TPG in September 2004. According to the TPG spokesperson, the company will shortly make an announcement on the result of the race for the stake in Post Danmark.

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Danish state to sell 25 pct stake in Post Danmark to CVC Capital

Posted by | Mar 16, 2005 | |

Transport minister Flemming Hansen is close to selling 25 pct of the state’s shares in the postal service, Post Danmark, to UK-based CVC Capital Partners, daily Berlingske Tidende reported without citing any sources. It also said CVC Capital Partners is expected to pay between 1.0-1.5 bln dkr for the stake in Post Danmark. None of the parties wished to comment on the report but the daily said the agreement is already in place and has now been sent to the government’s coordinating committee. The remainder of the sales process is considered a formality, it added. Deutsche Post AG and TPG NV had also submitted offers for the 25 pct stake, but according to Berlingske Tidende, their bids were lower than that of CVC.

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ABN AMRO Bank, BNP Paribas, HSBC Bank plc and The Royal Bank of Scotland plc complete EUR 1 billion multicurrency revolving credit facility for TPG N.V

Posted by | Mar 10, 2005 | |

TPG is pleased to announce the successful completion of a seven-year EUR 1 billion Multicurrency Revolving Credit Facility. The facility replaces the company’s existing EUR 600 million facility signed October 2003. It will be used as liquidity backup for TPG’s Euro commercial paper programme and for general funding purposes. The following banks also joined the transaction as Mandated Lead Arrangers, participating for EUR 100 million each: Citigroup, Commonwealth Bank of Australia, Deutsche Bank Luxembourg S.A., ING Bank N.V., JP Morgan Chase Bank N.A. and UniCredito Italiano-New York Branch.

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The international mailman: driving growth through global operations

Posted by | Mar 8, 2005 | |

. Responding to changing domestic market conditions
. Capitalising on markets opening up to competition: where do key growth opportunities lie?
. Deciding on the entry strategy: acquisition, joint venture or consumer contract?
. Integrating acquisitions into the business: where can restructuring deliver cost savings?

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L-Mail.com teams up with Redmail Austria

Posted by | Mar 1, 2005 | |

L-Mail, the online letter writing, printing and posting service, has teamed up with Austrian postal service provider redmail. The new business relationship will enable L-Mail customers located anywhere in the world to have letters printed and posted direct in Austria saving postal costs and increasing speed of delivery. redmail, a joint venture of the Austrian publishing group Styria Medien AG and the Dutch TPG Post Group, is the largest private postal operator in Austria.

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