Acquisition of BHW makes Postbank Germany’s leading retail bank
On January 2, 2006, our Group subsidiary Deutsche Postbank AG acquired all the shares in BHW Holding AG held by Beteiligungsgesellschaft der Gewerkschaften AG (BGAG) and Deutscher Beamtenwirtschaftsbund (BWB), and now controls over 90% of the company. As required by law, a mandatory offer has been made to the remaining shareholders. The acquisition of BHW Holding makes Postbank the leading provider of financial services to retail customers in Germany.
Sale of McPaper completed
As we announced in December 2004, Deutsche Post has sold all of its shares in McPaper AG, Berlin, with effect from January 1, 2006. This move will not result in any job cuts at McPaper AG. Nor will the sale affect our network of retail outlets, which will continue to offer a range of paper, office and stationery products.
Acquisition of Czech express supplier PPL
Our customers are making increasing inroads into Eastern European markets. We are therefore obliged to follow suit by adding national express services in Central and Eastern Europe to our international product range. This was why DHL acquired the Czech express supplier PPL on December 21, 2005. The transaction is to be completed in the first quarter of 2006.
Deutsche Post acquires Williams Lea
On February 13, 2006, we publicly announced that Deutsche Post World Net intends to acquire a majority interest in the UK company Williams Lea. The London-based company is an international provider of value-added mail and document services and offers an extensive range of print, mailroom and document management products, as well as direct marketing services. Williams Lea is the best-placed company in these markets in the UK and Europe. In recent years it has also intensified its international activities, above all in the United States. By making this acquisition, we are expanding the presence of our DHL Global Mail brand in national markets outside Germany and widening our range of global mail services. It is still subject to the approval of the relevant antitrust authorities – a standard procedure. The transaction is expected to be concluded in March 2006.