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EVENTS AFTER THE CLOSE OF THE FISCAL YEAR
We are pressing ahead with our global growth strategy
We have acquired a number of additional companies since the beginning of 2003, including the Italian parcel company Casa di Spedizioni Ascoli S.p.A., Milan, which we purchased on January 15, 2003. As part of the STAR program, this company will be integrated into our European parcel network under the DHL brand. In addition, DHL acquired Mayne Group Canada as of January 31, 2003. With the acquisition of this express service provider, which is known under the name Mayne Logistics Loomis, DHL is further expanding its market share in Canada, thereby systematically strengthening its position in the North American market for groundbased express delivery. On February 13, 2003, we purchased a 5% share in the leading Chinese transport and logistics company, Sinotrans Ltd., within the framework of its IPO. This will further strengthen our strategic position in the Chinese growth market.
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