Friday, November 30, 2007


NEW YORK, USA (November 30,2007) - Austrian postal operator Oesterreichische Post wants to buy into Bosnia,Romania and Bulgaria in the coming 15 months, the company's Chief Financial Officer Rudolf Jettmar said.

"We want to set up a network in the fragmented Southeastern European market.We want to fill in our blank spots in Bosnia, Bulgaria and Romania," Jettmar told journalists on the margins of an investment conference in New York.

Jettmar said the postal operator was aiming to take over private operators working in parcel delivery or distribution of advertising.

In the first three quarters of the year, Oesterreichische Post has spent 210 million Euros (312 million USD) on takeovers, and the company has another 150 million Euros left in its war chest, said Jettmar.

Oesterreichische Post is already present in Slovakia, Croatia, Hungary and Serbia.

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