Deutsche Post To Repay Up To €1B In German State Aid

Law360, New York (January 25, 2012, 3:26 PM EST) -- The European Union’s antitrust regulator said Wednesday that logistics company Deutsche Post AG must repay Germany €500 million to €1 billion ($650 million to $1.3 billion) in incompatible aid resulting from the combination of highly regulated prices and pension relief subsidies.

While the European Commission approved a €5.6 billion grant by Germany to Deutsche Post from 1990 to 1995 to cover the cost of the universal postal service, the commission said that the other subsidies placed Deutsche Post in a better position than its competitors....
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