Tag: La Poste

EU to approve creation of French postal bank

The European Commission will approve on Wednesday the creation of a new entity which will regroup the banking activities of France’s La Poste, said a source close to the case.

The commission, which has been examining the case for several months, will only give its ‘partial’ approval, the source said, as Brussels can only give a general green light, but leave other issues untouched, such as the ‘Livret A’ savings account distribution monopoly which La Poste has with the Caisses d’Epargne.

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EU to approve creation of French postal bank

The European Commission will approve on Wednesday the creation of a new entity which will regroup the banking activities of France’s La Poste, said a source close to the case. The commission, which has been examining the case for several months, will only give its ‘partial’ approval, the source said, as Brussels can only give a general green light, but leave other issues untouched, such as the ‘Livret A’ savings account distribution monopoly which La Poste has with the Caisses d’Epargne.

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French post office invests EUR147m and selects Bull and Lockheed Martin

The Board of Directors of La Poste has authorized the Mail Directorate to award Bull, in partnership with Lockheed Martin, the contract to deliver the information system that will run its future mail sorting machines.

Through this EUR 147 million contract, La Poste will deploy an information system backed-up with the latest technologies over the 800 machines of the platforms covering the whole country. This deployment is part of the “Cap Qualite Courrier” programme.

Bull’s turnkey solution, developed in partnership with Lockheed Martin, involves providing a unique new automatic address interpretation and computer based mail sorting system. This system is based on optical reading (up to 50,000 letters per hour) of all of the information written on an envelope: address of recipient, information relative to sender, bar-code, date and stamp amount, etc. The first operational phase will begin during the course of 2007.

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Bull, Lockheed Martin win 147 mln eur order from French post office

France’s post office, La Poste, said it has signed a 147 mln eur contract with French IT services group Bull and with Lockheed Martin Corp for the companies to supply an IT system for its postal sorting machinery.

The contract, running from 2007 to 2010, will run in parallel with the construction of 13 new postal sorting platforms, Gabriel Hentzen, chief executive of La poste’s mail operations, told Agence France-Presse.

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