DHL to sell off African operations

DHL, the logistics arm of Deutsche Post (DPWGn.DE), is preparing to sell its supply chain business operations in Africa, Germany’s manager magazin said on Thursday, citing sources at the company.

The report said the business could be worth around 500 million euros ($553.20 million).

Deutsche Post was not immediately available for comment.

Business Channels
Business Channels on the Africa Signal News Magazine (ISSN: 2536 – 6386) covers news and developments on business, economy and related subjects around African industries, public sectors, interests and Continent.

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