British Mail Enters Dutch Market
Jul. 22, 1998
LONDON (AP) _ The Royal Mail is teaming up with a Dutch delivery company to build a center for sending bulk mail from the Netherlands to international points.
The venture with Selektvracht, a subsidiary of the Royal Nedlloyd Group, is part of the Royal Mail's efforts to move into overseas markets. The deal follows Royal Mail's purchase earlier this month of a 10.2 percent stake in CityMail, a Swedish delivery company, for an undisclosed price.
The British and Dutch partners will build a mail sorting and processing hub in Utretch, the Netherlands, according to an announcement Tuesday.
That will allow them to handle big international mailings from Dutch companies, in a line of business that remains outside the national monopolies held by the British and Dutch post offices.
Royal Mail did not disclose terms of the venture.