CarPostal France pays €6 million to settle legal dispute

CarPostal France, the French subsidiary of the Swiss PostBus company, has reached a €6.2 million (CHF7.1 million) settlement deal with three French regional bus firms. In 2016, it had been ordered to pay damages for unfair competition but later appealed to a Paris court.  In a statement on Tuesday, Swiss Post confirmed that after several years of negotiations CarPostal France/CarPostal Interurbain had come to an agreement with the Rhône Alps bus firms Cars Faure, Cars Berthelet and Réunir Dauphiné. This follows CarPostal France’s appeal before the Paris Court of Appeal after it was sued in a Lyon commercial court in September 2016 for unfair competition and ordered to pay €11 million in damages. Tuesday’s agreement ends a legal fight and should now enable each side to “concentrate on their professional activities in a calmer environment”, Swiss Post wrote.  French bus company owners had argued that payments from Swiss Post to its French subsidiary were illegal government subsidies.

 
More Headlines

Follow worldbiztoday on Twitter

US Stocks