Tag: Worldwide

Duo buy half of Belgian Post

Posted by | Oct 13, 2005 | |

Post Danmark, the Danish post office, and CVC Capital, the UK buy-out group, has agreed to buy almost half of the Belgian post office in a transaction that marks a further step in the consolidation of Europe’s postal sector.

The duo will inject Euros 300m (Dollars 367m) into Belgian Post, valuing the group at Euros 640m. CVC bought 22 per cent of Post Danmark in the summer.

Separately, Deutsche Post, Europe’s largest post office, also underlined its ambitions to expand outside its domestic market by announcing the purchase of a majority stake in MailMerge, a Dutch mailing company.

Deutsche Post, which competed in the Belgian Post auction against a team comprising France’s La Poste and TPG of the Netherlands, last month agreed to buy UK logistics group Exel for Pounds 3.7bn (Dollars 6.7bn).

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Magnet extends Lane Group Contract

Posted by | Oct 13, 2005 | |

Lane Group and Kitchen manufacturer Magnet have signed a three year extension to their distribution contract, which won an MT Award this year. Lane handles deliveries from Magnet’s operation centres in Darlington and Keighley to its 220 stores and carries out two-man home deliveries. Magnet supply chain director Ingemar Tarnskar says: “We have signed the contract to highlight the confidence we have in the future partnership.”

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Portugal CTT likely to make new acquisitions in Spain

Posted by | Oct 12, 2005 | |

Portugal’s postal operator CTT-Correios de Portugal has an option to make new acquisitions on the market in Spain, it was reported on October 11, 2005.

Investments in new acquisitions on the Spanish market are estimated to amount to between 8.0 mln euro (USD9.6 mln) and 10 mln euro (USD12 mln), CTT’s chairman, Luis Nazare, said.

The option is part of the acquisition of Spanish express mail operator Tourline Express by CTT in the middle of the 2005 summer.

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Japan Post in mail distribution talks with TNT, Nippon Express, Sankyu

Posted by | Oct 12, 2005 | |

TNT NV is a candidate to set up a mail distribution company with Japan Post, Japanese daily Yomiuri Shimbun reported.

According to sources, Japan Post is eyeing several candidates at home and abroad to set up goods distribution companies. Currently, Japanese law effectively prevents local mail companies from teaming up with foreign partners.

Other candidates mentioned by the paper are Nippon Express and Nippon Steel Corp’s Sankyu Inc affiliate.

TNT was not immediately available for comment.

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Post Danmark, CVC buy stake in Belgian postal service for EUR300 million

Posted by | Oct 12, 2005 | |

Denmark’s national postal service, Post Danmark A/S, said Wednesday it and its minority shareholder CVC Capital Partners have invested EUR300 million (USD361 million) to buy a 49 percent stake in Belgium’s La Poste-De Post.

The Belgian state would retain the remaining 51 percent of the shares in La Poste-De Poste, the country’s postal service.

“The strategic partnership was part of the modernization of the Belgian postal service,” Post Danmark and CVC said in a joint statement.

Belgium also had been looking for a partner to help modernize its service. The government had said it intended to remain the majority shareholder in La Poste with the decision-making center remaining in Belgium.

La Poste-De Post is Belgium’s main postal service with some 35,000 employees.

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