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European Posts deny interest in PIN Group

PIN Group

Several European postal operators have rejected a report that they are potentially interested inbuying troubled German mail delivery company PIN Group. The firm’s CEO had earlier said several

foreign firms were interested in acquiring it.

German business newspaper Handelsblatt cited unnamed consultants as saying that France’s LaPoste, Swiss Post, Austrian Post and financial investor CVC, which owns stakes in Post Danmark andBelgian Post, had contacted PIN expressing potential interest.

But financial news agency Thomas Financial cited spokesmen for Austrian Post and Swiss Postas saying they were definitely not interested in buying PIN. La Poste had also denied interest, theagency reported.

Earlier this week, PIN Group’s new CEO, financial expert Horst Piepenburg, told theSüddeutsche Zeitung newspaper that he had a list of potential investors from Germany and abroadinterested in acquiring the whole group.

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