Bpost raises €650m for ecommerce transformation
Belgian postal company Bpost has raised 650 million euros. The transaction will serve to refinance the acquisition of Radial Holdings it completed in November of last year. Bpost is more and more becoming a full ecommerce logistics company.
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CEO Koen Van Gerven says the long-term bond allows the postal company to “take another step towards the execution of our strategic plan”. And that plan is to focus on ecommerce.
To become international ecommerce logistics player
Last month, the company outlined its plans for the next four years, saying how they want to become an international ecommerce logistics player with 45 percent of revenues generated outside Belgium and 60 percent of revenues generated by parcels and logistics activities.
“Our 2022 vision is to be, beyond mail, an efficient global ecommerce logistics player anchored in Belgium”, Van Gerven further explains. “Our transformation will thus continue in order to adapt to evolving customer needs in our fast-paced environment and extended Be-Ne home region, and to ensure a sustainable future for our company.”
To secure the financing of its growth, Bpost issued a 650 million euros long-term bond. With the money, it wants to refinance the acquisition of Radial.
Bpost won’t pick up parcels in the weekend anymore
Earlier this week, the postal group revealed it would no longer pick up parcels at postal agencies during the weekend. That’s unfortunate for small online retailers who deliver their packages on Saturdays and Sundays; their customers will need to wait until at least Tuesday to receive their online order.