Deals
Belgium’s Bpost Makes ‘Final, Improved’ Offer for PostNL
- Belgian mail carrier raises price, makes fresh guarantees
- PostNL of the Netherlands is reviewing the revised offer
A postal worker for PostNL NV passes over a bridge spanning a canal as she delivers mail in Amsterdam.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
Bpost SA of Belgium made a “final and improved” offer for Dutch mail-service rival PostNL NV in an effort to overcome objections to the takeover.
The Belgian mail carrier raised the cash component of its offer by 167 million euros ($177 million) and proposed additional amendments to the governance of the merged company to address concerns about whether the values and culture of PostNL and the interests of its Dutch stakeholders will be safeguarded, it said in a statement late yesterday.