Post Reviews Sale of Shares in the Liechtenstein Post

As part of its new strategy, Swiss Post is reviewing its existing corporate investments. Investments in other companies are intended to support the core businesses of the Post and enable growth. Since 2005, the Post has also held a 25 percent stake in the Liechtenstein Post. Swiss Post now intends to sell this stake and thereby create capital for future investments in its core business.

(Bern/Vaduz) Swiss Post is in negotiations with the Liechtenstein government to sell all shares of Swiss Post in the Liechtenstein Post back to the Principality of Liechtenstein by the end of 2021.

With the new strategy “Post of Tomorrow,” the Post is focusing on growth and investments in its core areas of logistics and communication. Against this backdrop, it is also reviewing its existing investments in other companies. Since 2005, Swiss Post has been a minority shareholder in the Liechtenstein Post with a 25 percent stake. Swiss Post plans to sell its 25 percent stake in the Liechtenstein Post. It is conducting corresponding negotiations with the Liechtenstein government. The two parties have signed a letter of intent: The Principality of Liechtenstein is expected to buy back all shares of Swiss Post in the Liechtenstein Post by the end of 2021. This would mean that the Liechtenstein Post would again be 100 percent owned by the Principality of Liechtenstein in the future.

Close Cooperation Between the Two Postal Companies in the Future

“With the sale of our shareholding in the Liechtenstein Post, we are continuing to streamline our corporate investments. We are consistently pursuing our new strategic direction and investing in our core business,” explains Alex Glanzmann, Head of Finance at Swiss Post. At the same time, the CFO emphasizes that Swiss Post will remain an important and reliable partner for the Liechtenstein Post even after a potential sale of the shares: “We will continue to work closely with our colleagues at the Liechtenstein Post, regardless of any shareholding.” In cross-border mail traffic, sorting of letters and packages, as well as in payment transactions, the two postal companies will continue to work hand in hand.

Photo: © Swiss Post