Poste Italiane Group – Massimo Sarmi
Massimo Sarmi
Managing Director and Chief Executive Officer
Poste Italiane Group
Tag: Poste Italiane
Best Customer Practices – Giuseppe Pantano – Poste Italiane
Giuseppe Pantano
Director
Mail Division
Poste Italiane
European Commission intends to exempt REIMS II from the antitrust rules but requires third party access
Today, the Commission published a notice in the Official Journal inviting third parties to submit their comments on the so-called Agreement for the Remuneration of Mandatory Deliveries of Cross-Border Mails (REIMS II). REIMS II is an agreement on the remuneration that public postal operators (PPOs)° pay each other for the delivery of incoming cross-border mail. This remuneration is also referred to as “terminal dues”. Seventeen PPOs from the European Union and the EEA are parties to the REIMS II agreement. After receiving the comments of interested third parties to be submitted one month after publication of the OJ the Commission will take a final decision on whether the system of terminal dues can be exempted from the antitrust rules. The Commission will also decide on the length of the exemption to be granted.
Read MorePoste Italiane Launches Bond Issue
Poste Italiane, the Italian post office, has launched a bond issue ‘Centro Aprile 2003′ which can be subscribed to until April 29. The bonds will mature in three years’ time, with a yield is linked to the Dow Jones Euro Stoxx 50 index. The minimum value of bonds to be bought is 1,000 euros.
Read MorePoste Italiene posts first annual profit
Poste Italiene, Italy’s state-owned postal services group, on Tuesday reported its first annual profit since it was turned from a branch of public administration into a company primed for partial privatisation.
Net profits of €22m ($23.5m) in 2002 compared with a €98m loss in 2001, with revenues up 3 per cent at €7.8bn. “This extraordinary performance is the result not of accounting manoeuvres, but of a real recovery and reorganisation of the company,” said Maurizio Gasparri, Italy’s communications minister.
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