Romanian Octavian Radu completed Postmaster and Total Post takeover

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PeliFilip assisted Romanian businessman Octavian Radu in taking over Postmaster and Total Post, a press release informs. Following this transaction, which was completed on Wednesday, 19 April 2017, Octavian Radu gained control over Postmaster SRL, the former branch of Osterreischische Post AG, respectively on Total Post Mail Services and Total Post Services, subsidiaries of Zoto Investments BV.

“I saw in the merger of the two companies both the chance to reduce significant redundant costs, as well as that of a better service for our customers, by increasing the rate of postal deliveries. Not last, profit for shareholders. We thank our trusty consultants, PeliFilip, for the support given throughout the process for successfully completing this transaction,” Octavian Radu said.

According to Ioan Dumitrascu, PeliFilip partner, although the contract was signed in the autumn of 2016, talks with the Austrian Post started in the first part of last year.

“We believe that this transaction will have a positive impact on the postal services market, especially by increasing the competitiveness of the addressed postal segment, and we continue to be next to Octavian Radu in the development of the new business,” Dumitrascu said.

The PeliFilip team involved in the project was coordinated by Ioan Dumitrascu, along with Monica Statescu (Senior Associate), Sofia Lovin (Associate), as well as Georgeta Gavriloiu (Senior Associate) and Dragos Iordache (Associate), on matters related to notification of the economic concentration operation to the Competition Council.

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