Royal Mail has a fight on its hands as DHL owner Deutsche Post snaps up UK Mail



Royal Mail has a fight on its hands after DHL owner Deutsche Post today snapped up UK Mail to form the UK's second-biggest mail and parcel firm.
The German postal giant said that it is snapping up UK Mail for £242.7million, as part of a European expansion drive. Only Royal Mail itself is now a bigger postal operator in the UK.
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 is a well-run business and an established provider of quality... read more

 
28 September 2016 in Business, Views: 55
Source: Daily Mail
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