Injection of Capital in a Postal Operator* The resources of a public undertaking necessarily count as “state resources”, regardless of the degree of autonomy of the public undertaking. However, not every decision of a public undertaking can necessarily be “imputed” to the state. A prudent investor may take into account authorised State aid. A prudent investor may tolerate short-term losses if it can realise sufficient profits in the longer term. Introduction Normally, when an investor puts money in a company, it does so on the expectation that it will make the company more profitable and, as a consequence, the company will share part or all of the extra profit with the investor. In the case which is reviewed here, rather unusually, two Member States, Denmark and Sweden, injected
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)
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