Comco prohibits Swiss Post from taking over the Quickmail Group
Published: Friday, Jan 19th 2024, 08:10
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The Competition Commission (ComCo) prohibits the takeover of the Quickmail Group by Swiss Post. It justified the move with the threat of restrictions on competition. In addition, there is another prospective buyer and therefore a more competition-friendly alternative.
An in-depth examination revealed that the takeover would eliminate competition in the market for addressed bulk mail items weighing over 50 grams for business customers, the Competition Commission announced on Friday. In addition, Swiss Post would also gain a dominant position in other areas, such as the delivery of newspapers and magazines.
The Quickmail Group had argued that it was no longer economically feasible to continue the business independently due to negative figures. The Competition Commission did not dispute this in its decision. However, a restructuring takeover could only have been permitted if Quickmail was expected to disappear from the market anyway - and customers would have switched to Swiss Post. This was not the case, as another company was also interested in Quickmail.
The Quickmail Group, with its two subsidiaries Quickmail and Quickpac, delivers letters, unaddressed items such as advertising flyers, newspapers and magazines as well as parcels throughout Switzerland.
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