Deutsche Post Receives Bid for French Parcel Biz

DUESSELDORF, Germany (Reuters) – Deutsche Post DHL said it received an offer for its French domestic parcel business, which it aims to offload by the end of March to focus on its profitable express delivery business.

The news comes a day after Deutsche Post, Europe’s biggest mail and express delivery company, sold its UK domestic parcel business to Britain’s Home Delivery Network for an undisclosed price. 

Financial investor Caravelle has made an offer for the French business, which has about 3,400 employees, a spokesman for Deutsche Post said on Wednesday.

Media has already speculated last month that a sale to Caravelle was in the making, saying that the deal could be valued between $200 million and $300 million.

The Post spokesman said there were no plans to sell any international businesses or the express delivery operations.

Shares of Deutsche Post were up 0.5 percent at 14.07 euros by 1103 GMT, while Germany’s blue-chip index .GDAXI was unchanged. (Reporting by Matthias Inverardi; Writing by Maria Sheahan)