Bruce Barnard | Sep 23, 2011 10:54AM EDT
Germany’s Deutsche Post DHL won a long-running legal battle to block Belgium from giving $406 million in aid to its national mail company, Bpost.
The European Court of Justice, the European Union’s highest court, rejected an appeal by Bpost against a 2009 ruling outlawing the Belgian government’s financial support for the state-owned company.
Deutsche Post sued the European Commission in 2003 after the EU’s executive agency approved the $406 million capital injection.
Bpost said the court ruling was based on procedural flaws and does not take a final position on repayment of the aid to the Belgian government.
-- Contact Bruce Barnard at brucebarnard47@hotmail.com.
