EU clears Post Danmark, CVC to buy stake in Belgian postal service
Denmark’s national postal service, Post Danmark A/S, won EU regulatory approval Tuesday for its plans to buy a 49 percent stake in Belgium’s La Poste-De Post.
Post Danmark and its minority shareholder CVC Capital Partners are paying the Belgian state €300 million (US$361 million) and will help modernize the service.
Belgium will keep the remaining 51 percent of the shares in the country’s postal service and the company will remain headquartered in Brussels.
In June, the Danish government sold a 22 percent stake in Post Danmark to investment company CVC Capital Partners, while 2.5 percent of the company’s shares were made available to Post Danmark’s nearly 22,000 employees. An additional 0.5 percent will be reserved as an incentive for senior staff. The Danish state controls the remainder.
European Commission clears Post Invest Europe Sarl’s acquisition of holding in De Post NV-La Poste SA
NORDIC BUSINESS REPORT 12-20-2005
The European Commission said on Tuesday (20 December) that it had granted clearance to Post Invest Europe Sarl’s acquisition of a stake in the Belgian postal services operator De Post NV-La Poste SA.
Post Invest Europe is jointly controlled by the Luxembourg-based group CVC and Denmark’s Post Danmark A/S.
De Post NV-La Poste SA will be jointly controlled by Post Invest Europe and the Belgian state.
