Deutsche Post sells long-distance bus unit, confirms 2016 targets

August 3, 2016 5:16 AM

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BERLIN Aug 3 German postal and logistics company Deutsche Post said it was selling its long-distance bus unit to market leader Flixbus due to tough competition after it reported second quarter results on Wednesday.

"In terms of profitability, Postbus did not sufficiently live up to our expectations," executive Joachim Wessels said in a statement.

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