Brief: Bpost To Continue Providing Nationwide Services After Belgian Gov Temporarily Extends Concessions

Bpost SA

13/12/2023 06:53

Dec 13 (Reuters) - Bpost SA  BPOST.BR : 
    * ANNOUNCED ON TUESDAY ITS REACTION CONCERNING THE DECISION
OF THE
GOVERNMENT ON THE DISTRIBUTION OF NEWSPAPERS AND MAGAZINES IN
BELGIUM
    * COUNCIL OF MINISTERS HAS DECIDED TO TEMPORARILY EXTEND THE
TWO
PRESS CONCESSIONS BEYOND DECEMBER 31, 2023
    * DURING THE EXTENSION PERIOD, BPOST WILL CONTINUE TO
PROVIDE
NATIONWIDE THE SERVICES OF THE CURRENT CONCESSION, FOR WHICH
GOVERNMENT HAS FORESEEN A BUDGET OF EUR 75 MLN
    * MODALITIES HAVE YET TO BE DISCUSSED WITH THE GOVERNMENT
AND ARE
SUBJECT TO APPROVAL BY THE EUROPEAN COMMISSION
    * OPERATIONAL AND FINANCIAL IMPACTS FOR BPOST, AFTER THE
EXTENSION
PERIOD, WILL DEPEND ON THE COMMERCIAL OFFERINGS THAT WILL BE PUT
INTO PLACE, ON WHICH BPOST IS IN DISCUSSION WITH THE EDITORS
    * COMPANY IS WORKING TO LIMIT THESE IMPACTS
    * ALTERNATIVE SUPPORT MECHANISM FOR COMMERCIAL EDITORS IN
RURAL
AREAS AND NATIONWIDE FOR PRESS SHOPS AND NON-COMMERCIAL EDITORS,
WOULD BE PUT INTO PLACE UNTIL DECEMBER 2026
    * BPOST DOES NOT HAVE ALL THE DETAILS YET ON THE ALTERNATIVE
SUPPORT MECHANISM FOR COMMERCIAL EDITORS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL8VLG04
 Further company coverage:  BPOST.BR  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))