Financial Times FT.com

Exel admits customer concern over takeover

By Salamander Davoudi in London

Published: September 19 2005 20:02 | Last updated: September 19 2005 20:02

Exel, the UK logistics group, on Monday admitted that some of its customers had expressed reservations over the £3.7bn ($6.7bn) deal with Deutsche Post, Europe's biggest postal service.

John Allan, Exel's chief executive, said: “People do need to be reassured that in the long run this will be beneficial but this is very early days.

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