Press Release: State aid: Commission approves pension relief and restructuring aid in favour of the Royal Mail Group

The European Commission has approved UK plans to relieve the Royal Mail Group (RMG) from excessive pension costs relating to its past monopoly position and to provide RMG with restructuring aid consisting of a debt reduction of ₤1089 million (around €1311 million).

RMG's revised restructuring plan will ensure a sustainable future for the group in its twofold function of providing universal postal services and of granting access to its delivery network to other providers in the UK. Moreover, the plan negotiated with the Commission includes appropriate measures to minimise distortions of competition induced by the aid.