Financial Times FT.com

D Post considers US unit sale

ByUlf Brychcy in Hamburg

Published: January 24 2008 23:54 | Last updated: January 24 2008 23:54

Deutsche Post, the world’s biggest logistics group, is considering selling its ailing DHL express delivery unit in the US as part of a wider turnround plan that could be announced within months, FT Deutschland, the Financial Times’s sister paper, has learned.

It is understood that Klaus Zumwinkel, the group’s chief executive, is planning to sell the express unit and to merge Postbank, the group’s profitable banking subsidiary, with another bank.

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