CVC buys 30% stake in Belgium's post office

CVC Capital Partners has made its second significant investment in the European postal sector, as one half of an investor consortium paying €300m ($360m) for a 50% stake minus one share in De Post - La Poste, the Belgian national postal service.

The Belgian government, which will retain a majority stake in the postal service, selected a consortium comprising Post Danmark, the Danish postal service, and CVC Capital Partners after conducting a strategic review to modernise the state-run business.

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