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Europe Daily Bulletin No. 9085

9 December 2005
Contents Publication in full By article 32 / 42
GENERAL NEWS / (eu) eu/state aid/transport
Commission approves the financial part of ABX Logistics restructuring plan as long as it is privatised in next 12 months

Brussels, 08/12/2005 (Agence Europe) - The European Commission has approved the financial part of the restructuring plan for the ABX Logistics group. EUR 176 million of the cost of these measures (EUR 296.6 million) will be financed by SNCB contributions, with the rest coming either from the ABX group or the buyer, based on a restructuring plan which significantly reduces the capacity of the ABX Worldwide group, including its branches ABX Germany and ABX Netherlands, restores the viability...

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