Tag: TPG

Dutch Post to opt back in to EU cross-border deal?

Posted by | Feb 12, 2005 | |

Dutch postal operator TPG Post will join new talks on cross-border mail services, six years after it opted out of a European price agreement for delivering mail to and from other EU countries. Jan Sertons, distribution and international relations manager at TPG Post, said the company wanted to reach a “customer- and market-orientated solution” when the current REIMS agreement runs out at the end of 2006. He told a Brussels legal conference on February 10 that staying out of REIMS meant TPG Post had won lower tariffs and better quality of service.

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EU mail giants moving in opposite directions

Posted by | Feb 9, 2005 | |

Fifteen years ago there wasn’t much to distinguish between the German and French mail monopolies, Deutsche Post and La Poste, as they faced the distant prospect of deregulation of the Europe Union’s postal industry. Today, with deregulation just a few years away, the two appear to have very little in common. On the day La Poste workers walked off the job in January to protest the impact of liberalization, Deutsche Post announced it had acquired Europe’s biggest logistics contract, continuing a $9 billion expansion program that has transformed it into one of the world’s biggest transport companies with interests ranging from express delivery to air and ocean freight forwarding. La Poste, by contrast, remains largely what it was — a mail monopoly with a few related activities awkwardly bolted on. The differences between the two companies goes to the heart of the problem facing the EU as struggles to reach its goal of overtaking the United States as the world’s most dynamic economy.

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Dutch TPG negotiates 1.0 bln Euro credit facility

Posted by | Feb 7, 2005 | |

TPG NV is currently in a process of negotiations with banks on a new credit facility with a value of 1.0 bln euro (USD1.28 bln), a company spokesperson said on February 7, 2005. The spokesperson made the statement in a response to media announcements earlier on February 7, 2005. The new credit facility will have a term of seven years, and is to replace the existing 600 mln euro (USD770 mln) credit facility. The new credit will be used to increase TPG’s financial flexibility and liquidity, the spokesperson said.

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TPG’s Italian Logistics wins new 3-yr contract from Canon

Posted by | Feb 2, 2005 | |

TPG NV said that its TNT Logistics unit in Italy has won a new three year contract from Canon Inc. No financial details were disclosed. Under the terms of the new contract, TNT Logistics Italy will develop solutions for a new logistics system with a central warehouse in the Netherlands and local warehouses in several European countries. All logistics activities provided to Canon Italia will be managed from the TNT Logistics Italy warehouse in Cerro al Lambro, Milan, which will also integrate the activities of Canon’s central European warehouse to perform all cross-docking operations.

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Dutch TPG considers bid for stake in Belgian De Post

Posted by | Jan 26, 2005 | |

TPG NV is considering the opportunities to make a possible bid for a stake in Belgian postal company De Post/La Poste, a spokesman of TPG said on January 25, 2005. Bids for a stake in the Belgian company are to be filed at the end of February 2005 at the latest, Belgian media sources said, based on statements of De Post’s chief executive officer, Johnny Thijs. TPG is also in the race for a 25 pct stake in Post Danmark, for which the company has made an official bid. The Danish government expects to select an exclusive party at the beginning of February 2005. According to TPG spokesman, the company had enough financial space for both bids. The spokesman did not say when TPG would take a decision on a possible bid for a stake in De Post.

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