DEUTSCHE POST BUYS PARCEL CARRIERS IN EUROPE

DEUTSCHE POST BUYS PARCEL CARRIERS IN EUROPE    Deutsche Post World Net, the expanding German transportation conglomerate, has acquired six international subsidiaries of German parcel mover trans-o-flex Schnell Lieferdienst.
   Deutsche Post bought trans-o-flex companies in Austria, Hungary, the Netherlands, Belgium, Italy and Denmark. The acquisitions will expand Deutsche Post’s Euro Express parcel and distribution network, the company said.
   Deutsche Post bought a 25 percent stake in Germany-based trans-o-flex in 1997. Following the international acquisitions, trans-o-flex will maintain its independence in Germany and continue to use its European subsidiaries to move packages under agreement with Deutsche Post.
   German antitrust authorities have approved the deal.