30/11/2021  ore 10:29   
   Chi siamo  |  Parlano di noi  |  
 HOME |  PRIMO PIANO |  Economia |  Convegni corsi |  Sport |  Eventi |  Promo
 
State aid: €314.6 million capital injection from PostNord to Post Danmark does not constitute State aid; Denmark and Sweden need to recover €66 million of incompatible aid from PostNord  

14/09/2021 | Economia |  Daily News 13 / 09 / 2021

Source: European Commission Spokesperson's Service  

 

The European Commission has found that an internal capital injection of DKK 2.34 billion (approximately €314.6 million) from PostNord to Post Danmark does not constitute State aid within the meaning of EU rules. At the same time, the Commission has found that two capital injections from Denmark and Sweden to PostNord, for a total of SEK 667 million (approximately €66 million) constitute incompatible State aid. Consequently, Denmark and Sweden have to recover respectively SEK 267 million (approximately €26.4 million) and SEK 400 million (approximately €39.6 million) from PostNord. The Commission examined the capital injections under Article 107(1) Treaty on the Functioning of the European Union (TFEU). 

The Commission's assessment focused in particular on whether the capital injections were carried out on terms that a private investor operating under market conditions would have accepted (the Market Economy Operator Principle – ‘MEOP') and, as a result, whether they conferred a selective advantage on PostNord or Post Danmark with respect to their competitors. 

The Commission's assessment showed that: (i) with the capital injection by PostNord into Post Danmark, PostNord has operated in the same way as a private investor would have done under the same circumstances; (ii) the capital injections by Denmark and Sweden into PostNord, aiming at keeping PostNord in investment grade territory (for listed companies this means a positive credit rating), were not in line with the conditions that a private investor would have accepted; and (iii) the capital injections by Denmark and Sweden into PostNord amount to incompatible State aid, as no compatibility grounds have been proposed by Denmark and Sweden or have been identified by the Commission. 

Executive Vice-President Margrethe Vestager, in charge of competition policy said: In today's increasingly digital reality, ordinary mail has been gradually replaced by digital communications. This puts a strain on the activities of postal operators, which continue to offer a service that is fundamental for citizens. With the decisions taken today, we help restore a level playing field in the Danish and Swedish postal services markets, while ensuring that Post Danmark can transform itself to be ready for an increasingly digital future

A full press release is available online.

« Indietro   
Tag clouds
constitute have injections investor This were whether With would accepted Commission conditions market same Sweden today under approximately been Denmark found increasingly private State that assessment capital digital European incompatible injection million postal
Ultime news - tutte le categorie
Economia
  Industria Padova Treviso - La spinta da export e investimenti. Produzione avanza del +13%, sopra i livelli pre-covid
29 novembre 2021
Convegni e corsi
  Il Mercato Elettronico della Pubblica Amministrazione (MePA)
26 novembre 2021
Sport
  Tra i 500 del Cross Csi di Sedico De Nard e Dal Ri
19 novembre 2021
Eventi
  Premio - Innovazione sociale e sviluppo sostenibile - terza edizione | Presentazione domande: dal 3 Gennaio al 1° Marzo 2022
29 novembre 2021
Promozione
  Incontra l''azienda Copy Solutions Srl e i suoi prodotti. Venetodotcom: comunicato di benvenuto!
25 novembre 2021