Deutsche Post faces Euros 570M aid
Deutsche Post faces repaying more than Euros 500m (Dollars 471m) to the German government after European competition regulators concluded the postal group unfairly subsidised some of its loss-making businesses.
The decision – which could come next week – could anger the German chancellor Gerhard Scroder, who has repeatedly accused the Brussels authorities of attacking German companies.
The size of the repayment – one of the largest ever ordered under European state aid rules – would also send a warning to postal groups in countries such as France, and the Netherlands, which have been accused of similar offences.
