This is reported in the group Friday. The executive board and supervisory board of PostNL say the bid is carefully considered and unanimously have decided not to accept the proposal of Bpost.
The directors call a five points is not on the bid from Bpost. So there is confidence in the own strategy, the price is insufficient for the shareholders of PostNL and it is feared that control by the Belgian government.
in addition, the directors are not convinced of the non-financial terms and conditions of the bid from Bpost and its the drivers there not sure of or any bid leads to acquisition.
Bpost, now for something a little more than half in the hands of the Belgian state, was recently converted an amount of eur 2.5 billion at PostNL. Per share PostNL offers Bpost 2,825 euros in cash and 0,1202 shares.
COR
The central works council (COR) of PostNL supports the rejection of the bid by the board. The proposal of the Belgians is according to chairman Cees Degeling “not in the interests of PostNL and its employees, and also not in the interest of the Dutch society”.
The works council also finds that an independent course of PostNL currently the best, and that the Belgian government, a major shareholder of Bpost, should be maintained.
“The COR wants, not that the PostNL employees are faced with situations such as with Air France-KLM” refers to the works council to the interference of the French government with the airline.
Also in the opinion of the COR that the guarantees that Bpost has given for banenbehoud in the postdivisie not credible. In addition, without Bpost jobs will be created in the logistics and pakkettendivisie.
trade Unions
the trade unions are pleased that PostNL’s proposal of Bpost has rejected. “The benefits of a merger were unclear and the guarantees for employment and pensions were not hard,” according to CNV , BVPP and VHP2 in a joint statement.
The trade unions are also pleased that the board of management of PostNL the interests of the tens of thousands of workers has expressly considered and not the interests of shareholders first.
Cabinet
The cabinet will in the coming developments surrounding PostNL to monitor and underlines the importance of a good working Dutch postal market and the employment.
If necessary, the government will additional measures to explore those interests, to secure, according to minister Henk Kamp (Economic Affairs) Friday.
The cabinet has serious reservations with regard to the takeover bid. According to Camp, the government has its concerns about the state of affairs is already transferred to the Belgian government, and will they further consultations with her Belgian colleagues.
Step back
Camp sees a takeover of tnt by a company that is largely state-controlled hands, “as a step back.” He finds that PostNL has developed into a strong, competitive and efficient company with an independent future.
The minister stressed that the government no “direct pointers” to the acquisition, if necessary, to block. National security is not in the interest of a foreign acquisition in the postal sector.
Kapm, suggesting that there PostNL, an independent foundation which is independent in action as the “continuity, independence and identity” of PostNL in danger. However, it is the foundation itself to take action, according to Camp.
Surprise
Ceo Koen Van Gerven Bpost expressed previously his surprise about the setup of the Camp and stressed that the Belgian state is not “on the strings pulls” at the company.
major Shareholder John de Mol, is sent correctly, however, to a sale. Fund management Frank Botman, acting on behalf of The Mol a stake of 5 percent in PostNL manages, called in het Financieele Dagblad for dialogue between the two companies.
Employment
Also, trade union FNV stops responding on the news. Ger Deleij of FNV Public Interest notes that PostNL in its rejection explains Bpost not to need to create employment.
The union points out that PostNL concrete steps can be taken to the “extreme flexibility” with jobs with low hours to stop, and more security to the employees of PostNL.
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