Post Danmark

Post Danmark A/S or PostNord Denmark is the company responsible for the Danish postal service. Established in 1995 following political liberalization efforts, it has taken over the mail delivery duties of the governmental department Postvæsenet (established in 1624); it was turned into a public limited company in 2002. In 2005, 22% of the company shares were sold to CVC Capital Partners, 3.5% of the company shares were partly sold to employees at a discount, partly kept in reserve for a management incentives program.

Post Danmark A/S
Government-linked company
Industrylogistics 
Founded1624
FounderChristian IV of Denmark
HeadquartersCopenhagen, Denmark
Key people
Knud Børge Pedersen (CEO)
Lars G. Nordström (Chairman)
ProductsMail
Revenue11.809 billion DKK (2007)[1]
713 million DKK (2007) [2]
Number of employees
21,163 (2007)[2]
ParentPostNord AB
Websitewww.postnord.dk/en
Post boxes in Fåborg

As of 2007, Post Danmark employs about 21,000 people, and delivers approximately a billion letters and 37 million parcels every year. Post Danmark has a wide variety of services, such an express deliveries (ensured delivery by no later than 9am the following morning), courier services, facility services, 10 o'clock service (ensured delivery no later than 10am every day), Electronic mailbox (mail getting scanned electronically and sent to you by email instead of regular post).

Merger with Posten AB

On 1 April 2008 Post Danmark announced its intention to merge with its Swedish counterpart, Posten AB to realise greater economies of scale and postal synergies. The combined company post-merger had an annual revenue of approximately 45 billion Swedish crowns and employed more than 50,000 people. Immediately following the merger the combined company was 18% owned by the Danish state and the company's employees, 60% by the Swedish state, and 22% by the private equity house CVC Capital Partners.[3] At that time it was expected that the company would be listed on the stock exchanges of both Copenhagen and Stockholm within 3–5 years, but as of 2019 this has yet to happen.[4] The merger completed on 24 June 2009 Post Danmark merged with Posten AB to form the new holding company Posten Norden AB, currently known as PostNord. Posten Norden AB has since been renamed PostNord AB.[5]

On 2 February 2009, in advance of the merger, it was announced that CVC had entered into an agreement with the Government of Denmark to sell its stake in Post Danmark in exchange for Post Danmark's 49.9 stake in De Post (the then name for Bpost), the state postal service of the Kingdom of Belgium, in a transaction valued at 473 million euros. CVC had original acquired its stake in Post Danmark in 2005 during the latter's partial privatisation.[6]

See also

References
  1. Årsrapport 2007
  2. Hovedtal og nøgletal 2007
  3. http://www.postdanmark.dk/cms/da-dk/files/Planer_om_fusion.pdf
  4. "Merger between Posten and Post Danmark" (Press release). CVC Capital Partners. Archived from the original on 2008-05-02.
  5. "En kort sammanfattning av PostNord och vår verksamhet". Startsida - PostNord (in Swedish). Retrieved September 24, 2018.
  6. Potter, Miedema, Mark, Douwe (2 February 2009). "UPDATE 1-CVC sells Post Danmark, buys into Belgian De Post". Reuters. Retrieved 4 March 2018.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.