Commodities

Dutch gov't: postal companies PostNL, Sandd allowed to merge

The Dutch government on Friday said it would allow a merger between the country's largest postal carrier PostNL and main rival Sandd conditionally to proceed after all.

AMSTERDAM, Sept 27 (Reuters) - The Dutch government on Friday said it would allow a merger between the country's largest postal carrier PostNL and main rival Sandd conditionally to proceed after all.

Last month, the country's markets regulator blocked the proposed 130 million euro ($145 million) merger on the grounds it would create a monopoly.

The government said in a statement it was overriding that decision because the merger would save costs and ensure delivery in rural areas. It said the merged company would be forced to grant competitors access to its delivery network.

(Reporting by Toby Sterling Editing by Chizu Nomiyama)

((toby.sterling@thomsonreuters.com; +31 20 504 5002;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More