CTT - Correios De Portugal, S.A. (ENXTLS:CTT) agreed to acquire 25% stake in DHL Parcel Iberia, S.L., Sociedad Unipersonal from Deutsche Post AG (XTRA:DHL) on December 19, 2024. To solidify the partnership, DHL eCommerce acquires a 25% stake in CTT Expresso Portugal, DHL eCommerce Portugal is fully transferred to CTT Expresso, and CTT Group acquires a 25% stake in DHL eCommerce Spain. Both parties with option to increase their mutual shareholdings in the respective companies in the future up to 49%.

The deal and the outlined partnership are contingent upon the regulatory approvals. The transaction will only be implemented after obtaining clearance under the relevant merger control legal requirements.