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February 23, 2012
Deutsche Post rejects EU demand to repay €1 bln
Published: 25 Jan 12 15:59 CET
Online: http://www.thelocal.de/money/20120125-40337.html
Deutsche Post, Europe's largest mail carrier, said Wednesday it would appeal against an EU order to repay up to €1 billion ($1.3 billion) in state aid because it broke anti-trust rules.
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Belgium was ordered to recover €417 million of aid sent to Bpost between 1992 and 2010 for its public service mission, but the Commission approved state aid to France's La Poste as well as subsidies paid out to Hellenic Post (ELTA) by the Greek government.
Deutsche Post chief executive Frank Appel slammed the EU ruling as "incomprehensible and has no basis in fact" and said the group would file an appeal with the European Court of Justice.
"If you examine the state aid rulings on other European postal service providers, it becomes quite clear that here the Commission has applied double standards. We are absolutely confident that the decision will have no validity in court and are proceeding on the assumption that the amount plus interest will be repaid," Appel said.
AFP/mry
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