DPWN Repayment of State Aid Delayed
A European Union effort to force Deutsche Post AG (G.DPW) to repay at least EUR572 million in state aid faces more delays. The German government has asked the E.U. Commission, the E.U.’s executive branch, to postpone for a second time the deadline for coming up with a repayment plan, a finance ministry spokeswoman told Dow Jones Newswires on Wednesday. The government wants the deadline extended until Oct. 28 from Oct. 1 to give it more time to address legal issues, spokeswoman Nicole Rosin said. The Commission originally set an Aug. 22 deadline for the plan when it ruled in mid-June that the state aid to the partially privatized mail company was illegal.
