What will Poste do with Nexive (according to the Antitrust Authority)
The Antitrust Authority blesses the acquisition of Nexive by Poste as long as certain rules are respected. Here are which ones
The major restructuring in the delivery sector can begin, provided that Poste and Nevixe respect the recommendations received from the Antitrust.
After two years of hidden negotiations, Poste Italiane has announced in recent weeks the acquisition of its direct, private competitor, Nexive, controlled by foreign companies. And now the wishes and stakes of the Guarantor of the market and competition arrive.
All the details.
POSTE-NEXIVE
Poste Italiane, in November 2020, signed an agreement with the Dutch company PostNl European Mail Holdings and the German Mutares Holding for the purchase of the entire share capital of Nexive Group.
A purchase, writes the Antitrust Authority, which "will subtract the second postal operator with an end-to-end network from the competitive comparison and which currently represents the only competitive and effective constraint for the incumbent operator".
THE DECISION OF THE ANTITRUST
And then the merger between Poste and Nexive can be done, but the Authority considers it "necessary to prescribe" to Poste Italiane, pursuant to the relaunch decree, "the behavioral measures proposed by Poste Italiane, including the modifications and additions made to them on 4 and 21 December 2020 ".
OBJECTIVE: PROTECT USERS
The Authority's measures are, explains the Guarantor himself, "suitable for preventing the risk of the imposition of prices or other burdensome contractual conditions for users as a result of the operation, with the modifications and additions deemed necessary to protect competition and users ".
MEASURES
In particular, the Antitrust Authority requests the adaptation of the antitrust compliance program of the group headed by the CEO Matteo Del Fante; the willingness of Poste Italiane, in response to the customer's request, to extend the contracts of both Poste Italiane and Target that should expire during the six months starting from the completion of the transaction, under the same conditions provided therein no later than the term of the six months from the completion of the transaction; the maintenance of the current portfolio of Poste Italiane business services and the service levels now guaranteed, for 24 months from the completion of the transaction.
The Antitrust Authority also requires the reshaping of the access threshold to the current wholesale offer of undescribed mail, with a reduction of the threshold to 8 million.
STORAGE AND MODULAR HOUSES
It's still. The Antitrust Authority provides for access to the Poste Italiane storage points for unsuccessful mail service items, with access that will be regulated according to specific methods, such as a number of points equal to 2,000, distributed in such a way as to ensure coverage of the whole national territory (at least 1 point in each province) in a homogeneous way (mix of coverage of metropolitan areas, provincial capitals, extra-urban areas). Poste Italiane, for its part, will have to undertake to fix the access price, defined for each piece, on the basis of a cost-plus criterion (costs calculated according to the criterion of times and methods).
The Antitrust also intervenes on the 'modular boxes' present in the area, access to which must be regulated in specific ways. The modular boxes allow for the delivery of correspondence and notices of signature mail addressed to poor roads (for the postman of the postal operator) or to low population density.
MONITORING AUTHORITY
The authority promises to monitor “with extreme attention the compliance by Poste Italiane with the prescribed behavioral measures and the possible existence of abusive behavior”.
NEXIVE
Nexive, controlled by the Dutch company PostNl European Mail Holdings and the German Mutares Holding, was a postal operator active in Italy. With the acquisition, we read in this Start Magazine article , Poste Italiane will be able to exploit potential economies of scale deriving from the consolidation of Nexive's activities, improving the level of service for the customers of both companies.
THE NUMBERS OF NEXIVE
The company, which in 2019 recorded a pro forma turnover of around 200 million euros (with losses, however, reaching 14 million), boasts a market share of around 12% in correspondence, equal to around 350 million annual volumes (of of which about 5% is so-called mail described), and a market share of about 1% in parcels, equal to about 8 million pieces delivered in 2019.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/cosa-fara-poste-con-nexive-secondo-lantitrust/ on Tue, 12 Jan 2021 11:58:33 +0000.