Tag: Transend Worldwide

Lombard Bank takes over equity in Maltapost

Posted by | Aug 16, 2006 | |

Lombard Bank Malta plc has reached an agreement with Transend Worldwide Ltd whereby it has acquired the New Zealand company’s 35 per cent shareholding in Maltapost plc, in a move that is widely seen as paving the way for Maltapost’s diversification efforts.

In a company announcement issued on Thursday, Lombard Bank said that it considers the investment to be of strategic importance and should result in added value to the stakeholders of both the Bank and Maltapost.

The deal went through following the approval by the Malta Financial Services Authority for the transfer of shares.

The Ministry for Investment, Industry and IT welcomed the transfer and expressed its believe that, with the entry of Lombard Bank, Maltapost would see the beginning of a new and exciting phase as it would now be able to use the expertise of its new shareholders to sustain its diversification efforts aimed at strengthening its capacity to deliver on its core postal activities.

The Ministry also extended its gratitude to Transend Worldwide Ltd. for its contribution in the profound restructuring and reform carried out at Maltapost in recent years.

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Post Looks To Middle East

Posted by | Sep 24, 2002 | |

New Zealand Post’s international arm is carrying out a two-week business evaluation report of Jordan Post.

Four staff from Transend Worldwide and New Zealand Post are in Jordan at the moment.

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Post Office Unlikely to Accept Help

Posted by | Sep 18, 2001 | |

Africa News has reported that “a host of foreign postal administrations, including those in France, Canada and the Netherlands, have come forward to offer their expertise and other assistance to the SA Post Office. This comes in the wake of the termination of the management contract forged in 1999 between New Zealand’s Transend Worldwide and the SA Post Office. The contract was cancelled earlier this year after the Post Office failed to break even this year, as guaranteed by the New Zealanders. A SA Post Office spokesman said the Post was unlikely to forge another full management contract with a foreign postal organisation.”

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