Securicor, Deutsche Post form parcel joint venture

Article Abstract:

Deutsche Post AG and Securicor PLC will be creating a new joint venture on the distribution of parcel. The planned joint-venture operation will handle business-parcel distribution from the network in Europe of Deutsche Post to Ireland, UK, and the United Kingdom. The creation of the joint venture will require Deutsche Post to assume 50% of the external debt of Securicor and to pay a cash amount of 200 million pounds sterling in exchange for half of Securicor's distribution unit.

Comment:

Will be creating w/ Deutsche Post a new joint venture on the distribution of parcel

United Kingdom, Joint ventures, Freight Transportation Arrangement, Freight Forwarders & Consolidators, Freight transportation industry, Deutsche Post AG, Securicor PLC, Article

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Monopoly extension fuels pricing power of Deutsche post

Article Abstract:

The article discusses the German cabinet's plans to increase Deutsche Post AG's ability to continue subsidizing its international parcel businesses with the letter monopoly it already agreed to extend. The planned extension continues the monopoly on letters up to 2,000 grams, but also gets rid of a restriction that may enable the post office to abuse the monopoly.

Government domestic functions, Mail & Express Services, Couriers, Courier services, except by air, Laws, regulations and rules, Delivery services

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Deutsche Post AG

Article Abstract:

Deutsche Post AG posted a 150 million euros net profit for the 2003 second quarter. This is compared to a 257 million euros loss in the same 2002 period.

Sales, profits & dividends, Direct Mail Advertising, Direct mail advertising services, Mail Document Distribution Services, Finance, Company sales and earnings, Company earnings/profit

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