The announced transaction is contingent on further due diligence and relevant conditions, and is expected to close by January 2021. Further financial consequences of this announced transaction will be disclosed upon completion.
The agreement with Poste Italiane was made possible by a recent change in Italian law, introducing, as a temporary measure, a special regime for the approval of certain concentrations. From a strategic point of view and in line with experiences of other European countries, the structural decline in mail volumes, further exacerbated by the impact and restrictions due to the Covid-19 pandemic, makes consolidation in mail and related logistics infrastructures a priority to ensure sustainability, employment and accessibility and service to customers. Mutares and PostNL believe this transaction is in the best interest of Nexive and all of its stakeholders.
About Poste Italiane
Poste Italiane is the largest logistics operator in Italy, and is a leading player in the financial, insurance and payment services sector. It is an integral part of Italy’s economic, social and productive fabric, occupying an unparalleled position in the country in terms of size, recognisability, reach and customer loyalty.
Nexive provides mail services to 80% of Italian households, and provides parcel services to the entire Italian market. As the second largest player in the Italian mail market, Nexive aspires to offer customers the best balance between service, quality and price. It achieves this ambition by focusing on customer interaction and by further strengthening its network.
Additional information is available at www.postnl.nl. This press release contains inside information within the meaning of article 7(1) of the EU Market Abuse Regulation.
We are PostNL, the mail and logistics solutions provider for all. With our post and parcel deliverers that make it everywhere, our over 3,800 PostNL points and our 11,000 mailboxes – wherever you are, we’re always nearby. We aim to be our customers’ favourite deliverer by making it as easy as possible to send and receive parcels and letters. On weekdays, we deliver an average 900,000 parcels and 6.8 million letters across the Benelux region, and our 50,000 people are right at the heart of society. At PostNL, we aim to work as sustainably as we can, with lots of delivery kilometres done on foot and by bike, helped by our innovative city logistics and further electrification of our transport.
PostNL NV is a listed company with revenues of over €2.8 billion in 2019, 52% of which derives from e‑commerce. We provide mail and parcel delivery to our customers, logistics solutions for e-commerce and cross-border solutions.