PostNL NV to Acquire Sandd BV to Create One Strong Nationwide Postal Network for Netherlands Call Transcript

Oct 01, 2019 / 09:00AM GMT
Jochem van de Laarschot - PostNL N.V. - Director Communications & IR

Thank you very much. Good morning, everyone. Thank you for joining us. We have made an announcement this morning, fairly early in the morning regarding the signing of the PostNL-Sandd transaction, and we will go into the details a little bit further.

Now here with me, Herna Verhagen, CEO of PostNL; Pim Berendsen, CFO; and also Resi Becker, who is in charge of the Mail business in the Netherlands. After their introductions, we will move to Q&A and the operator will explain how to ask questions. Herna, over to you, please.

Hendrika W. P. M. A. Verhagen - PostNL N.V. - Chairman of the Management Board & CEO

Good morning to you all, and we would like to give you more insight into the transaction we did with Sandd, which enables us to create one strong nationwide postal network in the Netherlands. For us, consolidation secures sustainable value creation. And of course, last Friday, this transaction was allowed by the Deputy Minister, which was based on broader considerations of

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