Deutsche Post to receive 1 bln Euro repayment after court ruling
European Court overturns European Commission decision on state aid involving Deutsche Post
In June 2002, the Commission determined that Deutsche Post from 1994 to 1998 covered a cost deficit in the competitive business parcel segment through improper crosssubsidization with State aid funds earmarked for the financing of the universal service.
Deutsche Post has always disputed this claim. Furthermore, no cross-subsidization was found in Commission antitrust proceedings completed a few months earlier. In September 2002, Deutsche Post brought an action for annulment of the Commission's state-aid decision before the European Court of the First Instance. As a result of the Commission's decision, however, Deutsche Post had to repay 572 million euros that was determined to be state aid plus 335 million euros in interest to the Federal Republic of Germany at the beginning of 2003. Germany will now repay this amount with interest to Deutsche Post.
Deutsche Post AG
Its integrated Deutsche Post, DHL and Postbank brands offer tailored, customer-focused solutions for the management and transport of goods, information and payments through a global network combined with local expertise. Deutsche Post World Net is also the leading provider of Dialog Marketing services, with a unique portfolio of efficient outsourcing and system solutions for the mail business. The Group generated revenue of 63 billion euros in 2007. With currently some 500,000 employees in more than 220 countries and territories Deutsche Post World Net is one of the biggest employers worldwide.