Austrian Post Buys Stake in Romanian PostMaster

Published: October 20, 2011; 16:19 · (Vindobona)

The deal includes an option for Austrian Post to become sole shareholder of the leading alternative postal service provider in Romania.

Austrian Post Buys Stake in Romanian PostMaster / Picture: © www.post.at

Austrian Post today announced the acquisition of a 26% stake (including an option to increase this shareholding to 100% over the next two years) in the Romanian firm PostMaster s.r.l.

After entering the Hungarian, Slovakian and Croatian letter mail markets, Austrian Post is now also represented in Romania. This comprises a further step in the company´s growth strategy and an…

This article includes a total of 243 words.

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