New-(ish) owner takes over France's La Poste

La Poste Post lady on her electric bike
No change for the posties, but deep and lasting change ahead for La Poste which could see a secure future thanks to its banking arm

The jolly yellow vans and bicycles which fan out across France each day will not change but La Poste will have a new owner next year.

At present a state-controlled business, La Poste is to be transferred into the ownership of the Caisse des Dépôts et Con­sign­ations (CDC), a public banking group known as the “deep pocket” of the state, in a bid to broaden its base and profitability while opening new services.

Speaking of the move, economy minister Bruno Le Maire said: “We want to create a large public financial business working for our territories. La Poste will remain a public group, there will be no privatisation, ...

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