The EU Commission finds that Denmark and Sweden need to recover €66 million of incompatible aid resulting from two capital injections granted to a postal company (PostNord / Post Danmark)

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Previous article The EU Commission finds that a new Italian airline company is not an economic successor and therefore is not liable to repay an illegal State aid received by another national air carrier (ITA / Alitalia) Next article The EU Commission orders the recovery of State aid to a postal operator by two Member States which had provided three capital injections in order to stop a predicted reclassification of the undertaking’s credit rating (PostNord / Post Danmark)

10 Sep 2021

The EU Commission finds that Denmark and Sweden need to recover €66 million of incompatible aid resulting from two capital injections granted to a postal company (PostNord / Post Danmark)

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Reference

EU Commission, PostNord / Post Danmark, Press release, 10 September 2021

State aid: €314.6 million capital injection from PostNord to Post Danmark does not constitute State aid; Denmark and Sweden need to recover €66 million of incompatible aid from PostNord* The European Commission has found that an internal capital injection of DKK 2.34 billion (approximately €314.6 million) from PostNord to Post Danmark does not constitute State aid within the meaning of EU rules. At the same time, the Commission has found that two capital injections from Denmark and Sweden to PostNord, for a total of SEK 667 million (approximately €66 million) constitute incompatible State aid. Consequently, Denmark and Sweden have to recover respectively SEK 267 million (approximately €26.4 million) and SEK 400 million (approximately €39.6 million) from PostNord. Executive Vice-President

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European Commission
European Commission - DG COMP (Brussels)

Belgium 1295 contributions 2698830 visits

Quotation

European Commission, The EU Commission finds that Denmark and Sweden need to recover €66 million of incompatible aid resulting from two capital injections granted to a postal company (PostNord / Post Danmark), 10 September 2021, e-Competitions September 2021, Art. N° 102222

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