Österreichische Post AG

EANS-News: Österreichische Post AG
AUSTRIAN POST ACQUIRES A 26% STAKE IN POSTMASTER S.R.L., ROMANIA

--------------------------------------------------------------------------------
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
--------------------------------------------------------------------------------
Joint Ventures/Cooperation/Collaboration

Subtitle: POSTMASTER:  NUMBER ONE AMONG ALTERNATIVE POSTAL SERVICE PROVIDERS IN
ROMANIA 

Wien (euro adhoc) - October 20th, 2011 marked the closing of Austrian Post´s
acquisition of a 26% stake (including an option to increase this shareholding to
100% over the next two years) in the Romanian firm PostMaster s.r.l. After
entering the Hungarian, Slovakian and Croatian letter mail markets, Austrian
Post is now also represented in Romania. This comprises a further step in the
company´s growth strategy and an entry into one of the largest markets in the
CEE region. The two parties have agreed not to disclose any details about the
purchase price.  

POSTMASTER S.R.L.
PostMaster s.r.l. headquartered in Bucharest was founded in the year 2007, and
is already the leading alternative postal provider on the Romanian market. The
core business of the company is delivering direct mail items (advertising mail)
weighing more than 50 gr. Thus the company has established a good starting
position for the upcoming postal market liberalisation in Romania as of the year
2013, and thus a solid basis for future growth. Serving as the top alternative
postal company, PostMaster also delivers unaddressed direct mail items
throughout Romania. The firm has a workforce of about 100 employees as well as a
delivery staff of about 1.500 people used on a service contract basis. They
delivered more than 100m unaddressed and 13m addressed direct mail items in
2010, generating revenue of EUR 6.7m.  Revenue is expected to rise by more than
30% in 2011 to about EUR 10m.


Further inquiry note:
Austrian Post
Head of Investor Relations
DI Harald Hagenauer
Tel.: +43 57767-30400
harald.hagenauer@post.at


Austrian Post
Head of Group Communications
Mag. Ina Sabitzer
Tel.: +43 577 67-21763
ina.sabitzer@post.at


Austrian Post
Press Spokesman
Michael Homola
Tel.: +43 577 67-32010
michael.homola@post.at

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


company:     Österreichische Post AG
             Postgasse 8
             A-1010 Wien
phone:       +43 (0)57767-0
mail:     investor@post.at
WWW:      www.post.at
sector:      Transport
ISIN:        AT0000APOST4
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 



Weitere Meldungen: Österreichische Post AG

Das könnte Sie auch interessieren: