LA POSTE WANTS JOINT VENTURE IN SPAIN

LA POSTE WANTS JOINT VENTURE IN SPAIN

   La Poste, France’s national postal company, has applied to European
Union authorities for approval of a joint venture in Spain.
   Together with Spanish delivery firm Correos y Telegrafos, La Poste wants
to develop a corporate express mail delivery business and to build a
European express mail and parcel network, according to a European
Commission report.
   Analysts expect to see more merger activity in Spain as Europe’s postal
and logistics conglomerates seek greater access to that country’s cargo
market.