Deutsche Post agrees to buy UK Mail

Deutsche Post agrees to buy UK Mail

German postal firm Deutsche Post has agreed a deal to buy UK Mail for £242.7m, which will see it compete with Royal Mail for parcel deliveries.
The purchase is part of a European expansion drive by Deutsche Post.
Board member Jurgen Gerdes said: "The ongoing expansion of our parcel network in Europe is driven by increasing demand within our e-commerce customer base for cross-border deliveries."
UK Mail directors said it believed the deal was "fair and reasonable".
Under the terms of the deal, UK Mail shareholders will receive 440p a share.
UK Mail suffered technical... read more

28 September 2016 in Business, Views: 42
Source: BBC

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