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TPG bids for Post Danmark; Stinnes drops ABX
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TPG has put in a bid for a stake in Post Danmark, while Stinnes’ Railon has sold its stake in ABX. (9/28/2004)
Following increasing speculation in the international press, TPG NV has confirmed that it has recently made a non-binding preliminary bid for a 25% stake in Post Danmark, as a first step in a sales process organised by the Danish government.
TPG says it is bound to confidentiality, and will not be providing any further information about the status or the different steps in the process, but will inform the market without delay if and when a positive outcome for TPG is achieved.
In other news, Railion Deutschland AG, Mainz, which belongs to Stinnes AG, has sold its remaining 10% stake in the German business of ABX, to ABX Transport & Logistics GmbH, Duisburg.
The contract became effective retroactively as of August 31st, 2004. Both parties have agreed not to disclose the selling price.
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?www.eyefortransport.com
TPG bids for Post Danmark; Stinnes drops ABX
______________________________________________
TPG has put in a bid for a stake in Post Danmark, while Stinnes’ Railon has sold its stake in ABX. (9/28/2004)
Following increasing speculation in the international press, TPG NV has confirmed that it has recently made a non-binding preliminary bid for a 25% stake in Post Danmark, as a first step in a sales process organised by the Danish government.
TPG says it is bound to confidentiality, and will not be providing any further information about the status or the different steps in the process, but will inform the market without delay if and when a positive outcome for TPG is achieved.
In other news, Railion Deutschland AG, Mainz, which belongs to Stinnes AG, has sold its remaining 10% stake in the German business of ABX, to ABX Transport & Logistics GmbH, Duisburg.
The contract became effective retroactively as of August 31st, 2004. Both parties have agreed not to disclose the selling price.
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