Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
dpa

HOME > dpa

Dutch mail service sells Germany operations to investors

August 07, 2019


Abstract : The Dutch mail service PostNL is putting an end to its operations in Germany after nearly two decades. Its subsidiary Postcon is being sold to the investment company Quantum Capital Partners, PostNL announced on Monday.

Dutch mail service sells Germany operations to investors. (picture alliance / ZB)

The Dutch mail service PostNL is putting an end to its operations in Germany after nearly two decades. Its subsidiary Postcon is being sold to the investment company Quantum Capital Partners, PostNL announced on Monday.

No details were provided on the price for the acquisition.

Postcon has its own delivery service in Germany's Rhineland and Ruhr areas. It also owns the PIN Mail postal service in the capital Berlin. The company has a total of 3,500 direct employees. It also delivers letters across Germany through partners.

The company is a direct competitor of the Deutsche Post mailing service, which is however significantly larger and controls a market share of 81 per cent.

But Postcon and other competitors managed to increase their mail volume from 2.6 billion to 2.8 billion in 2018, according to the Federal Network Agency, while Deutsche Post saw a decrease.

The overall market has been shrinking for a long time - instead of sending letters, increasingly more businesses and citizens are resorting to digital alternatives.

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: Germany mail service

Reading:

China Southern launches lounge-sharing with American Airlines

Shanghai to further boost cruise tourism

Chinese ride-hailing giant DiDi launches service in Chile's capital

China's culture-related industries post 7.9 pct revenue growth in H1

The Belt and Road gains support outside Asia and Africa

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial