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Quantum Capital Partners acquiring German mail delivery business

German private equity firm Quantum Capital Partners AG agreed to acquire PostNL NV's Postcon's mail delivery business.

The deal, which is subject to certain conditions, including regulatory approval, is expected to close prior to the end of 2019.

The sale is part of PostNL's plans to focus on its core markets in the Netherlands and Belgium and transition to an e-commerce logistics service provider, PostNL CEO Herna Verhagen said in a release.