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Image header Agence Europe
Europe Daily Bulletin No. 10343
Contents Publication in full By article 28 / 44
GENERAL NEWS / (eu) eu/state aid

Compensation for Post Office Ltd endorsed

Brussels, 23/03/2011 (Agence Europe) - On Wednesday 23 March, the European Commission authorised £180 million (€212 million) of public assistance to the UK Post Office Ltd for the funding of its network of post offices over one year starting on 1st April 2011. The Commission also authorised the continuation, over the same period, of existing loan facilities funding the provision of cash services at post office counters. It concluded that the aid is compatible with EU rules because “it...

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