The European Commission has cleared the sale of a 50 per cent stake in Belgian Post to PostInvest Europe Sarl, a consortium of Post Danmark and financial investor CVC Capital Partners. The
EU executive said that it had granted clearance to the transaction under a simplified merger reviewprocedure.The Belgian government announced in mid-October that it had selected Post Danmark and CVCCapital Partners to buy a joint 50 per cent stake (minus one share) in Belgian Post (“De Post-LaPoste”) and to form a strategic partnership with it. The Belgian state will retain majority controlof the post office. The Danish-British consortium will pay 300 million euros for the holding via acapital increase for Belgian Post. The closing of the transaction is due by the end of 2005.
