Belgian Post is close to buying the express business of the Greek post office, according tonewspaper reports.
The Belgian national postal operator is heading a consortium also comprising financialinvestors that would buy Tachimetafores, the express courier subsidiary of the Greek post officeELTA, the Belgian publication Trends-Tendances reported.
Citing Greek media, the publication wrote that Belgian Post was the final remaining bidderfollowing the withdrawal of Deutsche Post and a dozen originally interested parties. A deal couldbe sealed within two months, it said.
Tachimetafores has revenues of €30 million, and expects to make a small profit of €700,000,this year, according to the report. The sale is part of the search for a “strategic partner” forELTA ahead of postal liberalisation, which is scheduled in Greece for 2013.
A Belgian Post spokesman declined to make any comment on the topic, the publication added.
