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PostNL Q2 Normalised EBIT Up At EUR 54 Million
Mutares Says Co Successfully Closes The Acquisition Of Italian Postal Market's Nexive Business From Postnl
PostNL Sees Strong Improvement In Q2 Performance
PostNL N.V. is the provider of postal and parcel services in the Netherlands. The Company operates through three segments: Mail in the Netherlands, Parcels and International, and PostNL Other. The Company's geographical segments include The Netherlands, Germany, Italy, Rest of Europe, Europe and Rest of the World. The Company delivers approximately 550,000 parcels and nine million letters a day throughout the Netherlands. It offers services through a combination of smart networks, digital applications and the communication channels. Each day it delivers over 1.1 million items to approximately 200 countries. In addition to its global delivery services, the Company operates mail and parcel distribution network in the Benelux (Belgium, Netherlands and Luxembourg) region. In Germany, it operates under the Postcon brand and in Italy under the name of Nexive. The Company, through Spring Global Delivery Solutions, provides mail, parcel and return solutions to businesses around the world.
Prinses Beatrixlaan 23
Jan J. Nooitgedagt
Independent Chairman of the Supervisory Board
Chief Executive Officer, Member of the Management Board
Independent Vice Chairman of the Supervisory Board
Chief Financial Officer, Member of the Management Board
Bob van Ierland
Director of Human Resources
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Dutch postal firm PostNL expects its annual normalised operating profit to "strongly" outperform buoyed by its parcel delivery business in the first half of the year.
* POSTNL PROVIDES UPDATE ON Q2 BUSINESS TRENDS AND FY 2020 OUTLOOK
* POSTNL PROVIDES UPDATE ON Q1 PERFORMANCE AMIDST COVID-19 PANDEMIC
* ON CORONAVIRUS: IT WILL TAKE ADDITIONAL MEASURES TO ENSURE CONTINUITY OF UNIVERSAL SERVICE OBLIGATION AND DELIVERY OF FUNERAL CARDS AND MEDICAL DELIVERIES
Dutch postal and parcel services provider PostNL on Monday reported a lower than expected quarterly operating income of 25 million euros ($27.92 million) due to a slowdown at its parcels and Netherlands mail divisions, sending shares down 10%.
The Dutch government on Friday said it would allow a merger between the country's largest postal carrier PostNL and main rival Sandd conditionally to proceed after all.
The Dutch market regulator said on Thursday it would not allow the proposed 130 million euro ($144.8 million) acquisition by postal service company PostNL <PTNL.AS> of its main rival Sandd because it would create a monopoly.
The Dutch consumer watchdog ACM on Thursday rejected a proposed merger between PostNL , the country's largest mail carrier, and its main rival Sandd, arguing the firms are already profitable and their merger could increase prices for business mail by 40%.
The Dutch market regulator on Thursday said it would not allow the acquisition by postal service company PostNL of its main rival Sandd because it would create a monopoly.
PostNL stuck with its guidance for 2019 as it reported a 24% increase in its second-quarter underlying cash operating income (UCOI) on Monday and agreed to sell its Postcon business.
PostNL, the Netherlands' largest mail carrier, reiterated its full-year outlook on Monday, after posting a better-than-expected second-quarter underlying cash operating income (UCOI), helped by lower outflows for pensions and provisions.
The Netherlands' largest mail carrier PostNL plans to buy its main rival Sandd for an estimated 130 million euros ($147.49 million) in cash and assumed debt, it said on Monday.
The Netherlands' largest mail carrier PostNL said on Monday it plans to buy main competitor Sandd for an estimated 130 million euros ($147.49 million) in cash and assumed debt.
Buyout firms TPG and KKR & Co have emerged as leading contenders to run Dubai-based private equity firm Abraaj's troubled $1 billion healthcare fund, three sources familiar with the matter said.
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Private equity firm TPG has hired Anilu Vazquez-Ubarri for a newly created role of chief human resources officer, according to a memo seen by Reuters on Wednesday, as part of an effort to promote diversity and gender balance.
U.S. private equity firm TPG is in talks with investors in Abraaj's healthcare fund to take over management of the assets of the $1 billion fund, which is embroiled in a scandal over alleged misuse of investor money, two sources familiar with the matter said.
Private investment firm TPG has paid $47.5 million to acquire an unspecified stake in Kenyan digital payments firm Cellulant, which operates in 11 African markets, both firms said on Monday.
Private equity group TPG has put British discount chain Poundworld up for sale after receiving expressions of interest, prompting it to put a planned restructuring of the group on hold, a person familiar with the matter said on Saturday.
Private equity group TPG has put British discount chain Poundworld up for sale after receiving expressions of interest for the struggling retailer, a person familiar with the matter said on Saturday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.