DHL Express is interested in acquiring one of the leading domestic parcels companies in Romania tostrengthen its business there, according to a recent media report.
The Romanian business newspaper Ziarul Financiar reported that DHL is in talks to buy a stakein privately-owned Cargus, citing market sources. The information was not confirmed by companyofficials. Cargus is owned by two low-profile business people, Augustin Plesea and CarminaDumitrescu, the newspaper said.
The Romanian company, with turnover of EUR 29.7 million in 2007, is valued at EUR 50 millionand aims to grow by 50% this year, the newspaper wrote.
According to the “CEP Market Fact Sheet Romania”, published by CEP-Research in December 2007,Cargus and rival Fan Courier are the two clear leaders in the domestic segment of the fast-growingRomanian market. DHL competes with TNT at the head of the international market segment. Anacquisition of Cargus by DHL would thus make it the clear overall market leader.
