DANZAS BUYS MAJORITY STAKE IN FINLAND POST GROUPéS LOGISTICS ARM
Danzas ASG Eurocargo Oy has purchased the remainder of the 51-percent controlling interest in Finnish logistics company, Kelpo Kuljetus Fi Oy. In March Danzas purchase a 49-percent stake with an option to purchase an additional 2 percent to acquire a majority.
Kelpo Kuljetus Fi Oy, a subsidiary of Finland Post Group, provides domestic transport services for Finland Post Corp. and Danzas ASG Eurocargo Oy. In 2000, the company generated about $66.5 million in revenue.
The competition authorities have already approved the change in ownership.