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TRUCKING INDUSTRY * Europe - Deutsche-Post DHL said to be selling French domestic business
Paris,France -TI, by Thomas Cullen -21 Dec 2009: -- Unconfirmed reports have appeared in the French press suggesting that Deutsche Post-DHL has agreed to sell its French domestic DHL Express business to the French investment company Caravelle. According to various reports, the deal has yet to be formally approved by the DP-DHL management board. The value of the deal is also unclear with suggestions that Caravelle plans to pay between $200m and $300m for DHL France. Deutsche-Post DHL has, as yet, made no statement... DHL Express in France is believed to be experiencing continuing losses at its French business, possibly running into tens of millions of euros per year... French based Caravelle is a specialist in turning loss making companies around, looking to make investments in the region of €300-400m... The reception of the news of the DHL sale amongst the workforce was one of an expectation of job losses. However, again it is unclear what Caravelle's management approach will be although it is suggested that the company has a record of working closely with the trade unions... (Photo from arabiansupplychain: DHL package delivery)
Labels: trucking industry Europe
posted by Unknown @ 10:27 AM
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