U.K. MAIL

Deutsche Post's Foothold in Britain

ARCHIV - Der Vorstandsvorsitzende der Deutschen Post, Frank Appel, erläutert am 11.11.2015 in Bonn (Nordrhein-Westfalen) die Bilanzzahlen des Unternehmens. Foto: Oliver Berg/dpa +++(c) dpa - Bildfunk+++
Deutsche Post wants a piece of Europe's parcel markets.
  • Why it matters

    Why it matters

    Deutsche Post is trying to capitalize on the boom in e-commerce by expanding throughout Europe.

  • Facts

    Facts

    • Deutsche Post offered U.K. Mail a 43 percent premium on the its stock price.
    • Deutsche Post is now represented in Europe’s three dominant e-commerce markets – Britain, France and Germany.
    • The acquisition of U.K. Mail marks Deutsche Post’s return to Britain after its express subsidiary DHL sold off its British business in 2010.
  • Audio

    Audio

  • Pdf

 

Deutsche Post Chief Executive Frank Appel recently ruled out large acquisitions, but he’s made a surprise exception for the British parcel service U.K. Mail.

Mr. Appel offered shareholders a 43 percent premium on U.K. Mail’s share price to acquire the company for €280 million ($313 million).

Jürgen Gerdes, a member of Deutsche Post’s executive board, said the acquisition of U.K. Mail would further cement Deutsche Post’s foothold in Europe’s three largest e-commerce markets.

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