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Image header Agence Europe
Europe Daily Bulletin No. 11278
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Green light to aid of £640 million to Post Office Ltd

Brussels, 19/03/2015 (Agence Europe) - On Thursday 19 March, the European Commission authorised plans of the United Kingdom to grant aid of £640 million to Post Office Ltd to allow it to offer a full range of public services throughout its network.

According to the Commission, the measure complies with the EU's 2011 rules on public service compensation, notably because this compensation will only cover the additional costs the British company must bear in order to carry out its public...

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