UPS to invest $1.06 billion in Europe: Wirtschaftswoche

April 12, 2015 12:50 PM

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UPS to invest $1.06 billion in Europe: Wirtschaftswoche

BERLIN (Reuters) - United Parcel Service Inc. (UPS.N) plans to invest 1 billion euros ($1.06 billion) in Europe to expand its package delivery network, German magazine Wirtschaftswoche reported on Sunday, without citing its sources.

"We will strongly expand our network in Germany and the rest of Europe," the magazine quoted UPS Germany chief Frank Sportolari as saying in the article, adding the number of parcel shops and sorting centers would rise with the investment.

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