DHL will not merge Blue Dart with itself

Mumbai: The Rs 3,622,73 crore Deutsche Post DHL does not plan to merge its 81.03 per cent-owned, BSE-listed Blue Dart Express with its wholly-owned Indian arm DHL Express (India).
“Blue Dart has advantages with its governance and risk management systems. The verticals that Blue Dart services, domestic express, and that DHL services, international express, are different and require separate focus. At the backend, we already leveraging synergies between our different business units, so we do not see any reason to merge the two firms,” Malcolm Monteiro, senior vice-president and area director for South Asia told Financial Chronicle.
India is unique in the DHL ecosystem as a country where it has more than one brand in operation. Save for North America, where it uses the Exel brand in most countries worldwide, only the DHL brand is in use in India.
13/12/11 Yassir A Pitalwalla/mydigitalfc.com

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Categories: Cargo Dec 2011, Foreign Dec 2011