GeoPost is negotiating the sale of its DPD business in Russia with a number of large local logistics operators. The Kommersant newspaper writes about this with reference to its sources. According to them, among the interested parties on the asset are Business Lines Group and PEC.
JSC "DPD Rus" is part of the DPD Group network, the second largest parcel delivery service in Europe, and belongs to GeoPost. DPD delivery works in 35 thousand settlements of Russia and the EAEU, as well as in 200 countries of the world. The revenue of DPD Rus in 2022 decreased by 24.2% to 14.88 billion rubles, net profit — by 91.4% to 99 million rubles.
In May 2022, GeoPost reported that it had begun discussing the option of transferring the Russian business of DPD to a local partner. At the same time, the Russian company stated that it continues its work, and called the local business financially independent.
