The German cabinet on Wednesday approved a finance ministry proposal to remove the remaining legislative obstacle barring the sale of a majority stake in Deutsche Post, the country’s post and logistics group. Berlin has not given any details about the size or timing of further share disposals. The proposal will now go before parliament.
Read MoreToday the European Commission adopted a formal decision finding that Deutsche Post has abused its dominant position in the German letter market by intercepting, surcharging and delaying incoming international mail which it erroneously classified as circumvented domestic mail (so-called A-B-A remail). The abusive behaviour of Deutsche Post warrants the imposition of a fine. However, due to the legal uncertainty that prevailed at the time of the infringement, the Commission has decided to impose only a ‘symbolic’ fine of € 1,000 on Deutsche Post.
Read MoreEuropean antitrust enforcers are about to deliver another legal setback to Deutsche Post AG by finding the company guilty of unlawfully disrupting international mail bound for Germany, according to people familiar with the situation.
Read MoreGERHARD HARMS, vice president of Germany’s regulatory authority said there was almost “no competition” on the German postal market. “Presently there is close to no competition taking place,” Harms said. He also expressed pessimism for the outlook of the postal services market
Read MoreThe German government plans legislation to free the sale of its remaining stake in Deutsche Post World Net, the recently-privatized global mail, express and logistics company. The German cabinet is set to approve changes in existing legislation which requires the government to hold a majority stake of 50% plus one share to ensure Deutsche Post provides a full service.
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