BONN, Germany -- (BUSINESS WIRE) --
Deutsche Post DHL Group today announced that it has reduced its financial holding in Sinotrans Ltd. of 5.16 per cent of total issued shares (equivalent to 11.07 per cent of issued H-shares) by disposing 191,400,000 H-shares representing about 4.16 per cent of the number of total issued shares (equivalent to 8.92 per cent of number of issued H-shares).
The proceeds will further increase the group's ability to strengthen the foundation for Strategy 2020. The initial investment at IPO in 2003 has proven a very good financial investment and has contributed to a strong, mutually beneficial collaboration with Sinotrans.
We remain positive about Sinotrans Ltd and its strategy. This partial divestiture of our financial stake is in no way related to the stake of Deutsche Post DHL Group in the joint venture of its Express business with Sinotrans Air Transportation Development Co., Ltd. Deutsche Post DHL Group, the world’s leading mail and logistics company, is fully committed to the long-term cooperation of its very successful and profitable joint venture with Sinotrans Ltd, the leading Chinese transport and logistics firm. DHL Sinotrans International Air Courier Ltd. has been operating in China since 1986 and has successfully shaped the Chinese Express and logistics industry. It remains committed to retaining and further expanding its market-leading position in China.
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Deutsche Post DHL Group
Deutsche Post DHL Group is the world’s leading logistics and mail communications company. The Group is focused on being the first choice for customers, employees and investors in its core business areas worldwide. It makes a positive contribution to the world by connecting people and enabling global trade while being committed to responsible business practices and corporate citizenship.
Deutsche Post DHL Group operates under two brands: Deutsche Post is Europe’s leading postal service provider. DHL is uniquely positioned in the world’s growth markets, with a comprehensive range of international express, freight transportation, eCommerce, and supply chain management services.
Deutsche Post DHL Group employs about 480,000 people in over 220 countries and territories worldwide. The Group generated revenues of more than 56 billion euros in 2014.
The postal service for Germany. The logistics company for the world.
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Deutsche Post DHL Group
Anita Gupta/Christina Neuffer
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