A PYMNTS Company

EU: UK Post Office wins EU okay for $640 million state aid

By  |  March 19, 2015

European Union regulators approved on Thursday a British proposal to grant 640 million pounds in aid to the UK Post Office over the next three years for providing a wide range of public services across the whole of Britain.

The European Commission said the state support was in line with EU state aid rules. In addition to its postal services, the UK Post Office also handles social security payments, passport and car license application and public utility payment facilities.

The Commission said that the post office has and will continue to have the public service mission to carry out and maintain a set of public services over a larger network of post offices than would be commercially optimal.

 

Full Content: Nasdaq

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.