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UPS (UPS; A2/A) Announces acquisition of Mexican express deliver company

CONSUMER STAPLES
  • No amounts disclosed and it comes a week after this Q&A from UPS Benelux & France CEO;

Q: "There have been rumours about a sale for some time. Would UPS be interested in taking over PostNL?
A: "We always look at opportunities in the market and do not look at players who are only active locally, but at companies that are also active across the border. We grow through acquisitions or on our own and do not rule anything out,' says Van Veen." - De Telegraaf (translated)


  • Its disclosedthe Mexican acquisition without amounts and ahead of releasing 2Q results at 11am London. Earnings shouldn't be a mover for the €25/28/32s.

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