A PYMNTS Company

Spain: Brussels probes illegal advantages of Spanish mail carrier

By  |  February 16, 2016

European competition authorities have launched an “in-depth probe to examine whether state measures granted to Correos, the Spanish public mail carrier, adjust to the EU’s norms regarding state aid.”

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Commission, led by Danish economist Margrethe Vestager, will examine whether “the public financing Spain granted to Correos represents an excessive compensation to the company for their performance of their public postal service duties, and whether this or other measures have given Correos an unfair advantage by violating the EU’s state aid laws.”

    State subsidies are allowed under European law only under very specific circumstances. As is the case with private companies and taxable agreements, aiding a company or industry cannot be incompatible with competition – that is, it cannot be done to benefit a single entity to the detriment of other competitors.

    Full content: El Mundo

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