Deals
Bpost Ends Negotiations for Takeover of Netherlands’ PostNL
- Announcement comes after speculation that deal was imminent
- Bpost spokesman says decision won’t affect company’s goals
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Bpost SA , Belgium’s main mail carrier, and Dutch counterpart PostNL NV said they failed to agree on terms for combining, a surprise announcement following speculation of an imminent merger.
The decision followed several weeks of talks, including an “in-depth discussion” over the weekend, Baudouin de Hepcee, a spokesman at Brussels-based Bpost, said by phone on Monday. The two sides ended negotiations after finding they couldn’t agree on a number of points, he said, declining to elaborate.