nl flag go to the original language article
This article has been translated by Artificial Intelligence (AI). The news agency is not responsible for the content of the translated article. The original was published by Belga.

European Commission gives the green light for the takeover of French parcel giant Staci by Belgian postal company bpost

by AI | 01.Aug 2024 | Europe in brief AI

The European Commission validates the takeover of Staci by bpost. The Belgian postal company wants to strengthen its position in European parcel logistics.

European Commissioner for Competition Margrethe Vestager Photo: Virginia Mayo/AP

BRUSSELS – The European Commission gave the green light on Wednesday for the acquisition of the French parcel giant Staci by the Belgian bpost. The European Commission announced this.

In April of this year, bpost announced that it wants to acquire the French logistics player Staci Group for 1.3 billion euros. The Belgian postal company, of which the Belgian state is the main shareholder, aims to strengthen its position in European parcel logistics.

Staci has more than 80 warehouses worldwide, spread over Asia, the Benelux, France, Germany, Italy, Spain, the Netherlands, the UK, and the US, and employs about 3,500 people. Last year, the company recorded a revenue of 771 million dollars. Staci mainly offers logistics services for third parties and has expertise in shared warehouses for multiple customers.

The European Commission is now giving the green light for the acquisition. According to the Commission, the planned concentration does not pose a problem in terms of competition “given its limited impact on the markets in which the companies are active”.

31/07/2024