DHL 2004 Annual Report Download - page 4

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On November 29, 2004, KfW Bankengruppe
sells Deutsche Post stock with a volume of
around €1.2 billion. As a result of the place-
ment, Deutsche Post’s free float increases
from 37.4% to 44% after the overallotment
option is exercised.
December
DHL Global Mail acquires the majority of
the shares in the French mail service provider
KOBA. The company is one of the leading
specialists in direct marketing and mail
communication in France and cooperates
with the French postal service in national
delivery. Deutsche Post World Net can
now offer its customers high-quality mail
services in France.
DHL forms a joint venture with the express
and logistics unit of New Zealand Post;
both companies have a 50% interest in the
venture. The agreement will make a key
contribution to expanding DHL’s market
position in the Asia/Pacific region.
DHL Global Mail enters into a cooperation
with Yamato Transport, one of Japan’s
leading private mail and parcel service
providers. Together, the two companies now
offer their customers international mail
products for the Japanese market.
November
Deutsche Post Global Mail continues its
strategy of entering national mail markets
abroad by acquiring around 38% of the
shares in the Spanish company Unipost.
The country’s largest private postal service
provider reaches at least 70% of the
Spanish population via its own locations
and those of its partners.
DHL acquires an initial 68% of the Indian
express company Blue Dart. DHL is the first
international express and logistics company
to now offer customers its own domestic
and international services in China and India.
Deutsche Post World Net announces plans
to expand Leipzig/Halle Airport into the
European hub for DHL, with operations
scheduled to begin in early 2008. The Group
plans to invest around € 300 million in the
new location and to create around 3,500 jobs
by 2012.
August
The new central transshipment hub at Hong
Kong Airport begins operating on schedule:
DHL has invested around € 90 million in
this key infrastructure measure, creating the
largest and most modern freight center of
its kind in this region.
September
The STAR program for value creation and
integration produces results more rapidly than
originally planned. The Group therefore
increases its forecast for the earnings contri-
bution that the program will generate by
more than €100 million, to over € 800 million
by the end of 2004.
The procedure for the reconciliation of
interests with the Group Works Council to
integrate the various DHL companies in
Germany is completed. We have thus created
the basis for the legal and operational
reorganization of the DHL companies as of
the beginning of 2005.
October
Deutsche Post World Net bundles its inter-
national mail services under a new umbrella
brand: Deutsche Post Global Mail becomes
DHL Global Mail.
Milestones in 2004