So much for the endless "UPS is buying Polar" rumors...
#1
So much for the endless "UPS is buying Polar" rumors...
Deutsche Post Buys $150 Million Stake in Atlas's Polar Air Unit
By Susanna Ray
Oct. 16 (Bloomberg) -- Deutsche Post AG's DHL express- delivery division plans to spend $150 million for nearly half of Atlas Air Worldwide Holdings Inc.'s Polar Air Cargo unit, gaining access to extra aircraft in key markets.
DHL will pay cash to acquire a 49 percent holding in Polar, including a 25 percent voting interest, Atlas said today in a statement on Business Wire.
Bonn-based Deutsche Post, Europe's largest postal service, has spent more than $13 billion on acquisitions since 1996 in a quest to become the No. 1 logistics company in the world.
By Susanna Ray
Oct. 16 (Bloomberg) -- Deutsche Post AG's DHL express- delivery division plans to spend $150 million for nearly half of Atlas Air Worldwide Holdings Inc.'s Polar Air Cargo unit, gaining access to extra aircraft in key markets.
DHL will pay cash to acquire a 49 percent holding in Polar, including a 25 percent voting interest, Atlas said today in a statement on Business Wire.
Bonn-based Deutsche Post, Europe's largest postal service, has spent more than $13 billion on acquisitions since 1996 in a quest to become the No. 1 logistics company in the world.