AUSTRIA: CONDITIONS ON FEIBRA TAKEOVER
Article Abstract:
The Austrian cartel court has given its approval to the acquisition of Austria's biggest advertising leaflet distributor, Feibra AG by Osterreichische Post AG. The approval entails a number of conditions. The two companies have to remain independent until the end of 2005, and the Post may not discriminate against other leaflet distributors. The terms of the acquisition are still being negotiated. The private foundation F+B Privatstiftung, which owns the full stock of Feibra, is to sell initially 51% to the Post. Another 19% might be bought by the Post at a later stage. The deal is to be backdated to the beginning of 2001.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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AUSTRIA: GFW COMPLAINT AGAINST POST
Article Abstract:
GFW (Gesellschaft fur Werbemittelverteilung), which is controlled by the Dutch Post, has filed a complaint against Osterreichische Post AG with the Vienna trade court. GFW is criticising the fact that the Post charges no VAT for unadressed mass mailings. GFW also accuses the Post of delivering unaddressed mail (so-called Infomail) to the letter boxes of households. GFW claims that only addressed mail is allowed according to Austrian legislation. The Austrian cartel court recently gave its approval to the acquisition of Austria's biggest advertising leaflet distributor, Feibra AG, by Osterreichische Post AG.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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AUSTRIA: DEUTSCHE POST PLANNING ACQUISITION
Article Abstract:
Deutsche Post is said to be in talks about taking over an Austrian forwarding company. Cargoplan, which is owned by a private foundation, is active in road, water and air transport and is Austria's third largest operator in the latter sector. With 500 staff, the company generated a turnover of EUR 79.9mn in year 2000.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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