Post Danmark Post boxes in Fåborg, Denmark

Post Danmark A/S is the national provider of

postal services The mail or post is a system for physically transporting postcards, letter (message), letters, and parcel (package), parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid ...

in Denmark. It was established as a fully state-owned stock holder's company in 1995 following political

liberalization Liberalization or liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions. The term is used m ...

efforts. Post Danmark had taken over the mail delivery concession ( da, 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 CVC Capital Partners is a Luxembourg-based French private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, E ...

, 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 PostNord AB is a provider of postal services operating mainly in the Nordic countries. The company was formed on 24 June 2009, under the name ''Posten Norden'', as the holding company in a merger between the Danish and Swedish postal service p ...

, a joint postal service company between Denmark and Sweden. 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), Electronic mailbox (mail getting scanned electronically and sent to you by email instead of regular post).

Merger with Posten AB

On 1 April 2008 Post Danmark announced its intention to merge with its Swedish counterpart, Posten AB, to realise greater economies of scale and postal synergies. The combined company post-merger had an annual revenue of approximately 45 billion Swedish crowns 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 In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

house

. At that time it was expected that the company would be listed on the stock exchanges of both

Copenhagen Copenhagen ( or .; da, København ) is the capital and most populous city of Denmark, with a proper population of around 815.000 in the last quarter of 2022; and some 1.370,000 in the urban area; and the wider Copenhagen metropolitan ar ...

and Stockholm within 3–5 years, but as of 2019 this had yet to happen. The merger completed on 24 June 2009. Post Danmark merged with Posten AB to form the new holding company Posten Norden AB, currently known as

. Posten Norden AB has since been renamed PostNord AB. On 2 February 2009, in advance of the merger, it was announced that CVC had entered into an agreement with the

Government of Denmark The Cabinet of Denmark ( da, regering) has been the chief executive body and the government of the Kingdom of Denmark since 1848. The Cabinet is led by the Prime Minister. There are around 25 members of the Cabinet, known as "ministers", all of w ...

to sell its stake in Post Danmark in exchange for Post Danmark's 49.9 stake in La Poste/De Post (the then name for Bpost), the state postal service of the Belgium, in a transaction valued at 473 million

euros The euro (symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . Th ...

. CVC had originally acquired its stake in Post Danmark in 2005 during the latter's partial

privatisation Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

Notes

References

External links

Official website
- Post Danmark A/S is part of the PostNord Group.
Details
from the CVR register {{Authority control Service companies of Denmark

Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of Denmark , establishe ...

Private equity portfolio companies CVC Capital Partners companies Philately of Denmark Danish companies established in 1995 Postal system of Denmark

Merger with Posten AB

See also

Notes

References

External links