Klaus Zumwinkel, Deutsche Post chief executive officer, confirmed the company's plans, but did not give a purchase price for the additional 26-percent stake, which is held by private investors.
Japan Airlines Co. said Thursday that it had been approached by Deutsche Post to buy JAL's 6-percent share in DHL.
Deutsche Post and Lufthansa Cargo each own 25 percent of DHL, 23 percent is held by investment trusts and private investors, including the company founds, own the remaining 21 percent.
DHL has annual sales of $5 billion.
Zumwinkel also said Deutsche Post would delay its initial public offering to Nov. 20. The company had initially set the IPO for Nov. 6, when it would list 25 percent to 33 percent of its shares on several stock markets in Europe.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now