Deutsche Post AG has agreed to sell 100% of the shares of Vfw AG to private equity investor MonitorClipper Partners. The price was not disclosed but was estimated at about EUR 60 million by German
media.Vfw is a leading provider in the field of reverse logistics. It is currently setting up itsown “Dual System” recycling network as an alternative to the “Green Dot” of former monopolistDuales System Deutschland GmbH.
Vfw was originally taken over as part of Deutsche Post’s acquisition of Exel in 2005 and isnot considered core to the German business of the Bonn-based group, Deutsche Post said.
The transaction, which is subject to antitrust clearance, is expected to be closed in thefirst quarter of 2007. Metzler, the Frankfurt-based investment bank, advised Deutsche Postexclusively on the transaction.
