La Poste Belgium to invest USD341 million
La Poste plans to invest USD341 million in the Belgium Post Office through various modernization initiatives.
The money is coming from equity financing from SFP, the state-owned asset management concern that now owns slightly less than 50% of Belgium Post.
The post plans to use the money on new equipment for four mail sorting centers and other unspecified restructuring projects. The modernization program is aimed at boosting the quality of services La Poste offers and cutting operational costs.
