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Europe Daily Bulletin No. 10430

30 July 2011
Contents Publication in full By article 23 / 24
GENERAL NEWS / (ae) eu/state aid

29/07/2011 (Agence Europe) - Investigation into restructuring of Royal Mail. On 29 July the European Commission opened an in-depth investigation to ascertain whether UK plans to restructure the postal incumbent Royal Mail are in line with EU state aid rules. The plans provides for state intervention: - €8 billion to fund the deficit of the pension fund accrued by Royal Mail in the period before liberalisation; - €1.9 in the form of debt restructuring; - the provision of a revolving...