EU EXPANDS DEUTSCHE POST ANTITRUST INVESTIGATION
The European Commission has expanded its antitrust investigation against Deutsche Post, exploring allegations that the German post office had contracts with mail order customers which offered royalty and target rebates.
Deutsche Post said the investigation will have no impact on its plans for an initial public offering next month.
The EU has already started investigations on the high postal service rates in Germany and whether the German post office has illegally used profits from its letter service to fuel its flurry of acquisitions, which has included large forwarders Danzas and Air Express International and many European parcel delivery firms.