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Post Danmark

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Post Danmark A/S, trading as PostNord Denmark (Danish: PostNord Danmark), is the national provider of postal services in Denmark. It was established as a fully state-owned stock holder's company in 1995 following political liberalization efforts. Post Danmark had taken over the mail delivery concession (Danish: befordringspligt) of its predecessor, the governmental department Postvæsenet, which was established in 1624. Post Danmark A/S was turned into a public limited company in 2002. In 2005, 22% of the company shares were sold to CVC Capital Partners, 3.5% of the company shares were partly sold to employees at a discount, partly kept in reserve for a management incentives program. In 2009, it was merged with the Swedish Posten AB to form PostNord, a joint postal service company between Denmark and Sweden.

Post Danmark A/S
PostNord Denmark
Company typeSubsidiary
Founded1624 (as Postvæsenet)
HeadquartersCopenhagen, Denmark
Key people
Peter Kjær Jensen (CEO)
Annemarie Gardshol (Chairman)[1]
ProductsMail
Revenue5.290 billion DKK[2][nb 1]
165 million DKK[2][nb 2]
Number of employees
6,388 [3][nb 3]
ParentPostNord AB
Websitewww.postnord.dk/en
Post boxes in Fåborg

As of 2007, Post Danmark employed about 21,000 people, and delivered approximately a billion letters and 37 million parcels every year. Post Danmark has a wide variety of services, such as express deliveries (ensured delivery by no later than 9 am the following morning), courier services, facility services, 10 o'clock service (ensured delivery no later than 10 am every day), and electronic mailbox (mail scanned electronically and sent by email instead of by regular post).

Merger with Posten AB

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On 1 April 2008 Post Danmark announced its intention to merge with its Swedish counterpart, Posten AB,[4] to realise greater economies of scale and postal synergies. The combined company post-merger had an annual revenue of approximately 45 billion Swedish krona and employed more than 50,000 people. Immediately following the merger the combined company was 18% owned by the Danish state and the company's employees, 60% by the Swedish state, and 22% by the private equity house CVC Capital Partners.[5] At that time it was expected that the company would be listed on the stock exchanges of both Copenhagen and Stockholm within 3–5 years, but as of 2019 this had yet to happen.[6] The merger completed on 24 June 2009.[7] Post Danmark merged with Posten AB to form the new holding company Posten Norden AB, currently known as PostNord. Posten Norden AB has since been renamed PostNord AB.[8]

On 2 February 2009, in advance of the merger, it was announced that CVC had entered into an agreement with the Government of Denmark to sell its stake in Post Danmark in exchange for Post Danmark's 49.9 stake in La Poste/De Post (then the name for Bpost), the state postal service of the Belgium, in a transaction valued at 473 million euros. CVC had originally acquired its stake in Post Danmark in 2005 during the latter's partial privatisation.[9]

 
The Post Danmark logo used from 2002 to 2009
 
logo as part of Postnord

See also

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Notes

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  1. ^ As of 2021
  2. ^ As of 2021
  3. ^ As of 2021

References

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  1. ^ "Årsrapport 2021 Post Danmark A/S" (in Danish). p. 37.
  2. ^ a b "Årsrapport 2021 Post Danmark A/S" (in Danish). p. 4.
  3. ^ "Årsrapport 2021 Post Danmark A/S" (in Danish). p. 6. I 2021 er der 6.388 fuldtidsansatte
  4. ^ "Merger between Posten and Post Danmark". CVC. Retrieved 23 June 2023.
  5. ^ "Planer om fusion" (PDF). Post Danmark (in Danish).[dead link‍]
  6. ^ "Merger between Posten and Post Danmark" (Press release). CVC Capital Partners. Archived from the original on 2 May 2008.
  7. ^ Case No COMP/M.5152 - Posten AB/ Post Danmark AS Notification of 26/02/2009 pursuant to Article 4 of Council Regulation No 139/2004 (PDF). Commission of the European Communities. 21 April 2009.
  8. ^ "En kort sammanfattning av PostNord och vår verksamhet". Startsida – PostNord (in Swedish). Retrieved 24 September 2018.
  9. ^ Potter, Mark; Miedema, Douwe (2 February 2009). "UPDATE 1-CVC sells Post Danmark, buys into Belgian De Post". Reuters. Retrieved 4 March 2018.
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