Bpost finishes compliance review, books 75 mln euro provision

Bpost SA

22/09/2023 17:27

Sept 22 (Reuters) - Belgian postal operator Bpost
 BPOST.BR  has finished three previously announced compliance
reviews and submitted the final reports to the external counsel
of the public services concerned, the group announced in a
statement on Friday.
    "The reports have laid bare a number of malpractices and/or
risks", it said, adding that it appreciates the necessity of
"acting in accordance with its responsibilities".
    The group said in a statement it has taken a provision of 75
million euros ($79.93 million) based on the legal and economic
analyses.
    Bpost last December said that a review of its concession for
the distribution of newspapers and periodicals in Belgium had
revealed potential violations of applicable laws.


($1 = 0.9384 euros)

 (Reporting by Augustin Turpin;Editing by Elaine Hardcastle)
 ((augustin.turpin@thomsonreuters.com;))