The French government said the price of a postal stamp in France will be increased by 6 pct from March 1 next year to 0.53 eur from 0.50 eur currently.
French state-owned postal service La Poste said in October it was seeking government approval to raise the price of stamps by 10 pct to 0.55 eur.
Postcomm on 2 December 2004 began a consultation on the proposed issue of a long term licence to Mail Plus Ltd to provide bulk mail and consolidation services. Today’s document says that Postcomm is minded, subject to consultation, to grant a licence to Mail Plus. It suggests that the proposed services will have no appreciable adverse effect on the provision of a universal service throughout the UK and will further the interests of users by promoting competition between postal operators. If issued, the licence will contain a requirement for Mail Plus to maintain separate accounts for its UK licensed business to show that it is not being unfairly cross-subsidised by its parent company, La Poste.
Read MoreThe Belgian government has officially mandated Morgan Stanley to collect bids for a strategic partnership with Belgian post office company La Poste. The Belgian government is looking for an operational partner, which is ‘committed and financially stable’, to develop and expand the activities of the state-owned company.
Read MoreDeutsche Post AG said it is considering bidding for a stake in Belgian postal company La Poste.
‘We are looking at this possibility,’ a Deutsche Post spokesman said, adding a decision has not been made yet.
The Belgian state said today it has started its search for a strategic partner for La Poste.
The future partner is invited to take ‘a significant equity interest’ in the company, but the Belgian state will remain majority shareholder.
Morgan Stanley has been appointed advisor for the deal.
Read MoreThe Belgian state said it has started its search for a strategic partner for the country’s post service La Poste.
‘Following a decision taken by the Belgian state in October 2004 — that La Poste will seek an alliance with a strategic partner — the Belgian state has decided to formally launch the process for such a strategic partnership,’ said the ministry of state-owned enterprises in a statement.
The future partner is invited to take ‘a significant equity interest’ in the company, but the Belgian state will remain majority shareholder.
The part-privatisation will lead to the ‘strengthening of La Poste’s financial situation, the strengthening of its core business activities and the assistance in the overall modernisation’.
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