Trending: Deutsche Post's Request to Raise Postage Prices Rejected by German Regulator
07 Août 2023 - 4:15PM
Dow Jones News
1345 GMT - Deutsche Post is among the most mentioned companies
across news items over the past six hours, according to Factiva
data, after its application to increase letter-postage prices was
rejected by Germany's postal regulator. Germany's Federal Network
Agency, which regulates the country's postal market, said the
company couldn't sufficiently prove a rise in costs to justify an
increase to the price cap that has been in place since the
beginning of last year and is due to expire at the end of 2024. As
a result of the decision, a figure in the three-digit million euros
that the company was hoping to earn will be missing, Tobias Meyer,
chief of the parent company of both Deutsche Post and DHL, said
during a call with journalists. Dow Jones & Co. owns Factiva.
(adria.calatayud@dowjones.com)
(END) Dow Jones Newswires
August 07, 2023 10:00 ET (14:00 GMT)
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