La Poste-Swiss Post joint venture authorised
By Sophie Mosca | Thursday 05 July 2012
The French and Swiss incumbent postal operators, La Poste and Swiss Post, obtained clearance from the European Commission, on 4 July, for the creation of a joint venture to handle their international mail delivery services. The deal was announced last December.
The decision is nevertheless conditional on the disposal of the Swiss Post subsidiary in France to address the EU executive’s concerns about a risk of La Poste having a stronger dominant position on the French market. “This will maintain the competitive dynamics in the international business mail market in France and customers will continue to benefit from choice and affordable services,” commented Competition Commissioner Joaquin Almunia.
The 50-50 joint venture by La Poste and Swiss Post will provide international outbound business mail delivery services and mail preparation services, as well as marketing, logistics for print media distribution, express delivery services, freight forwarding and international standard business-to-consumer parcel delivery in the EEA. The venture is expected to operate in both Paris and Berne.
La Poste is a public postal services operator and the designated universal service provider in France. It offers normal and express mail delivery, parcel and banking services. Swiss Post is the Swiss public operator that also provides similar mail, express and parcel services as well as financial services and passenger transport.