TNT Post enters partnership with German publishing group

[POSTMAN]

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TNT Post has strengthened its position in Germany by acquiring shares in the regional mail companies of the Georg von Holtzbrinck publishing group. TNT Post currently covers around 90% of Germany with a nationwide delivery network. For this network TNT works together with many distribution partners and in key economic areas TNT has its own network which covers around 26% of German households. This strategic partnership will allow TNT Post to increase this coverage for the distribution of letter mail items to more than 40% of all German households and will benefit from further regional growth potential.

Harry Koorstra, member of the board of TNT commented, "Although there is, due to the ongoing uncertainties regarding minimum wage and VAT, still no level playing field on the German postal market, this distribution partnership is important to maintain and strengthen the position as leading alternative provider of mail services in Germany. It enables us to offer a wider portfolio of mail distribution services to our customers."

Included in this strategic distribution partnership are two 50% joint ventures in the Berlin and Brandenburg area and five minority participations of 25.1% in the areas of Cottbus, Freiburg, Konstanz, Saarbrucken, Trier and Würzburg. In total the companies generated revenues of €116 million in 2008.

TNT Post has been operating on the German postal market for almost ten years, focused on building a nationwide network. This has been done via partners, acquiring shares in several distribution companies and building up its own distribution networks in key economic areas.

[andy2007]

Isn't it amazing! There doesn't seem to be any Country, anywhere, which has a level playing field. It's all greed for the Private Sector, and to Hell with protecting quality of service!