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Portuguese postal service CTT acquires entire stake in Mailtec

CTT

Correios de Portugal- Portuguese postal service CTT- announced that it has taken over 100% of theshares of local group of companies Mailtec for an undisclosed amount. Prior to this

buy, CTT controlled 49 pct in Mailtec. Mailtec operates in the areas of printing andfinishing. Its major customers are related to the banking, insurance and communicationsectors.  With this decision CTT aims to continue with the company’s strategic planfor a strong position on the finishing segment to boost the core postal business.

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