LA POSTE WANTS JOINT VENTURE IN SPAIN
La Poste, France’s national postal company, has applied to European
Union authorities for approval of a joint venture in Spain.
Together with Spanish delivery firm Correos y Telegrafos, La Poste wants
to develop a corporate express mail delivery business and to build a
European express mail and parcel network, according to a European
Commission report.
Analysts expect to see more merger activity in Spain as Europe’s postal
and logistics conglomerates seek greater access to that country’s cargo
market.