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European court awards Deutsche Post a repayment of €1 billion

On 1 July 2008 the European Court of First Instance annulled a 2002 decision by the European Commission, which had ordered Deutsche Post to repay €907 million in purported state aid and interest. Deutsche Post will now receive a repayment of around €1 billion.

Deutsche Post to improve efficiency of its IT services

Deutsche Post World Net will not pursue the planned transfer of parts of its global IT activities to HP Services. The two companies had signed a letter of intent for such purpose in January. After careful review of the offer, the Board of Management came to the conclusion that the cost reductions of €1 billion planned to be achieved over the next seven years will be more easily attainable if the units in question remain with the Group.

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