Tag: Europe

French Banque Postale forced to alter applicaction for future bank

Posted by | Oct 24, 2005 | |

La Poste is expected to be forced to carry out some alterations to its application for approval of its future banking subsidiary, La Banque Postale, owing to an exceptional contribution of 2bn euros which will have to be paid to the state as part of the 2006 budget in connection with future and current retirement pensions for postal employees with civil servant status. In the application, La Poste mentions service agreements, which define its relations with the future bank from a legal and from a business point of view. In order to comply with competition law, it is envisaged that La Banque Postale will repay all costs which the parent company shoulders to assure the functioning of its banking subsidiary.

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Belgian De Post/La Poste to introduce experimental project in Maaseik

Posted by | Oct 24, 2005 | |

Belgian postal services company De Post/La Poste will introduce an experimental project in Maaseik, in eastern Belgium, under which postmen will make home deliveries of books and CD’s from the local library on October 25, 2005.

The project is a service for disabled people, elderly people, or long-time sick people.

Disabled people, elderly, or long-time sick people are able to order books and CD’s through the library’s online catalogue. People who are not familiar with the use of the Internet will use a form with their favourite genres and the preferred format.

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UK Postcomm issues a long term licence to CMS

Posted by | Oct 21, 2005 | |

Following consultation, Postcomm today issued a long term licence to Royale Research Limited, trading as CMS, to provide bulk mail services. Royale Research Limited was granted a long term licence on 21 October 2005, running for a minimum of seven years and enabling Royale to carry bulk mail. The company will trade under the name CMS.

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Robottom quits UK DMA to start consultancy

Posted by | Oct 21, 2005 | |

DMA (UK) director of postal affairs and industry development David Robottom – one of its most experienced executives – has quit after ten years at the trade body to launch his own consultancy. Robottom, who leaves at the end of November, has secured a contract with TNT Mail UK – one of the main challengers to Royal Mail. He will advise the company on building relationships with mailing houses and public affairs. He is setting up the shop with his wife, who runs her own human resources consultancy. The new venture, D&S Consultants, will offer a range of advice on postal affairs, environmental issues, and data and direct marketing.

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EU begins investigation into Deutsche Post acquisition of Exel

Posted by | Oct 20, 2005 | |

The European Commission has begun its initial investigation into the acquisition of Exel PLC by Deutsche Post. All mergers and acquistitions and joint ventures that meet certain sales thresholds in the EU are subject to approval by the commission. The initial probe lasts one month. The commission will decide on the outcome of its initial probe into this deal on Nov 24. At the end of its initial probe, the commission can decide to clear the deal, conditionally clear it, or open an in-depth probe lasting up to four months if there are serious competition concerns.

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