Deutsche Post Bids for Stake in Danish Post

Germany's postal services provider Deutsche Post has put forward an initial non-binding offer for a 25 percent stake in the Danish Post, a spokesman said on Monday. However, more foreign bidders, including the Dutch firm TPG, are also expected to bids. Deutsche Post has not published its offer yet, but had classified the possible investment as a small acquisition, which are usually under €100 million. The company maintains close collaboration with the Danish Post and has for years been interested in an holding.