Tag: Correos

Asempre accuses Correos of restricting competition in postal sector

The Spanish national postal service, Correos, will be investigated by the Economy ministry for alleged abuse of its dominant position in the market. Following a complaint by 200 private-sector operators in the market, the restrictive practices authority will look into whether there is truth in allegations that the state-controlled company is attempting to remove competitors with practices that are illegal under article six of the law on the defence of competition.

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Courtcase against Correos heightens tension in Spanish postal services sector

The court case presented by Asempre, the Spanish association of private postal service operators, against Correos, Spain’s publicly owned postal service operator, has heightened the existing tension in the country’s postal services sector. Correos has complained during the last few years that particular companies have acted illegally and has sent its complaints to Spain’s ministry for public works.

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Spanish Post Office sees mail automation by year-end

The Spanish postal service expects 50 percent of all mail in Spain to be sorted automatically by the end of this year through a – 300 million investment in new technology. According to the group the plan will make the service as efficient as Germany’s.

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Spain Post Acquires Servipack

Correos, the Spanish postal group, yesterday announced the purchase of 100 per cent of Servipack, the express parcels company, from Vista Capital, the venture capital company in which Royal Bank of Scotland and SCH, the British and Spanish banks respectively, have stakes. Chronoexpres, the express delivery division of Correos, will absorb the acquisition. Following the operation, Correos will increase its stake in Chronoexpres from 57 to 74.23 per cent. The French post office will hold the remaining shares. The amount of the operation has not been officially announced, but it could be in excess of 40m euros.

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