Groupe La Poste becomes a Limited Company with 100% Public Ownership
La Poste changed its status on Monday, 1 March to become a limited company with 100% public ownership.
“La Poste will be able to develop, true to its mission of public service,” said Jean-Paul Bailly, Chairman of the Group.
This transformation opens the way for a capital increase of 2.7 bn Euros through the State and the Caisse des Depots et Consignations, for La Poste to provide funding for its modernisation and development of its activities.
In January 2010, French MPs finally approved the new postal law transforming La Poste into a limited company as of 1 March and then opening up the domestic mail market to competition in January 2011. The vote in the National Assembly was the final stage in the passage of the postal law through the French Parliament over the previous few months.
Groupe La Poste becomes a Limited Company with 100% Public Ownership | Post & Parcel (external - login to view)
Last edited by mentalfloss; Jun 30th, 2011 at 04:40 PM..