Swiss Post has got approval from the Swiss government to become a 100 per cent state-owned publiclimited company from 26 June 2013 and to implement its strategic goals for the time period
2013-2016.With the approval based on the postal legislation that came into force on 1 October 2012, thenew ‘Swiss Post AG’ will become more flexible and independent in running its business.
The Swiss Federal Council, the country’s seven-person federal government, stressed that withthe approval of Swiss Post’s strategic goals, it expects that Swiss Post will provide the basicpostal and payment transaction services nationwide at good quality levels for the next four years.
“The Post is expected to strengthen its market position in its core business in the areas ofcommunications, logistics, financial services and passenger traffic as well as to offerhigh-quality and innovative products while generating profitable growth,” the Federal Councilcommented.
Swiss Post’s group divisions, including PostFinance AG, Post CH AG (Mail and Logistics) andPostAuto AG will be subordinated under the Swiss Post Group with the postal operator holding allthe shares of the three units.
Earlier this month, Swiss Post’s financial division PostFinance was granted a banking licenceby the Swiss Financial Market Supervisory Authority (FINMA) to be transformed into a public limitedcompany in the second quarter of 2013 provided it implements certain necessary conditions.
