Bpost
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| Headquarters | , |
Key people | Jos Donvil (CEO) Audrey Hanard (Chair) |
| Products | Mail, Courier, Logistics, Insurance |
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| Owner | Belgian State (50.01%) |
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| Subsidiaries | Radial, Inc. |
| Website | bpost |
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Bpost (stylised bpost), also known as the Belgian Post Group, is the Belgian company responsible for the delivery of mail in Belgium. The Belgian Post Group is one of the largest civilian employers in Belgium. It provides a range of postal, courier, direct marketing, banking, insurance, and electronic services in a highly competitive European market. The headquarters are located in Brussels at the Monnaie Center (Script error: No such module "Lang"./Script error: No such module "Lang".).[1]
Before 2010, it was known as De Post in Dutch and La Poste in French, meaning "the Post" in each case in English.
Ownership
By royal decree of 17 March 2000, the Post cast off its status of autonomous public enterprise to adopt the status of a public limited liability company. Its public service missions are all described that it concluded with the Belgian state.
In January 2006, Post Danmark and CVC Capital Partners signed an agreement with the Belgian government on the acquisition of 50% minus one share in the Belgian Post for €300 million.[2][3] Post Danmark had been selected by the Belgian government a partner because it would assist bpost in modernizing the company. The Belgian government, bpost, Post Danmark and CVC have prepared a joint plan for developing the Belgian Post.
Acquisitions
Certipost is a Belgian electronic communications subsidiary of bpost based in Aalst founded in 2002. They produce solutions to issues with electronic document exchange and archiving including digital certificate and electronic identity cards.
In December 2012, bpost acquired a 51% majority stake in Landmark Global, a US-based company specializing in cross-border parcel logistics and shipping technology.[4] This acquisition marked a strategic expansion into the North American market to offset declining domestic mail volumes, a trend heavily influencing European postal operators at the time.[5] bpost subsequently increased its ownership stake over time, acquiring an additional 24.5% in 2016[6] and the remaining balance to reach 100% ownership by 2017.[7]
In October 2017, bpost acquired American e-commerce company Radial, Inc. for US$820 million.[8]
Controversies
Bpost is accused of having entered into spurious contracts with the Belgian government, overstating costs for delivering newspapers to receive elevated subsidies and a host of other allegedly fraudulent operations. In April 2023 Bpost was forced to admit it had broken European competition rules and had overcharged by tens of millions of Euros amid reports of secret deals between the company and the Belgian state. In total, Bpost is said to have received €4 billion in public spending between 2013 and 2023. According to journalists, most of these subsidies and fees are questionable and are the result of close ties between the Belgian state and the company.[9]
Bpost use monopoly power to allegedly make questionable price-fixing agreements with publishers DPG media and Mediahuis, as was revealed by an internal audit in 2023.[10]
In August 2023, Kathleen Van Beveren, chief executive of E-logistics Eurasia at Bpost and a member of its executive committee, stepped down from her role amid accusations of fraud and foul play inside the company.[11]
References
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- ^ Page Module:Citation/CS1/styles.css has no content.Times, The Brussels. "Bpost unions issue strike notice for Thursday". www.brusselstimes.com. Retrieved 2024-03-31.
- ^ Page Module:Citation/CS1/styles.css has no content.Guarascio, Francesco; Sterling, Toby (29 May 2016). "Belgium's Bpost fails to agree takeover of Dutch PostNL". Reuters.
- ^ Page Module:Citation/CS1/styles.css has no content.Favas, Matthieu (28 March 2013). "CVC plans bpost IPO". Private Equity International.
- ^ Page Module:Citation/CS1/styles.css has no content."bpost purchases majority interest in US logistics company". The Bulletin. 8 January 2013.
- ^ Page Module:Citation/CS1/styles.css has no content."Commission Staff Working Document: Impact Assessment on cross-border parcel delivery services" (SWD(2016) 166 final). European Commission. 25 May 2016. Retrieved 28 November 2025.
- ^ Page Module:Citation/CS1/styles.css has no content."Activity Report 2016" (PDF). bpost. p. 43. Retrieved 28 November 2025.
- ^ Page Module:Citation/CS1/styles.css has no content."Activity Report 2017" (PDF). bpost. p. 46. Retrieved 28 November 2025.
- ^ Page Module:Citation/CS1/styles.css has no content.Smith, Jennifer (9 October 2017). "Bpost to Buy Radial for $820 Million". The Wall Street Journal.
- ^ Page Module:Citation/CS1/styles.css has no content.Deconinck, Carl (20 July 2023). "Belgium accused of massive state aid fraud by investigative journalists". Brussels Signal.
- ^ Page Module:Citation/CS1/styles.css has no content.Grommen, Stefan (14 April 2023). "Ex-toplui Bpost sjoemelden om contract voor krantenbedeling te behouden, bevestigt audit: "Willen tot op het bot gaan"". VRT.
- ^ Page Module:Citation/CS1/styles.css has no content.Deconinck, Carl (8 August 2023). "Chief executive at Belgium's scandal-ridden Bpost quits". Brussels Signal.
External links
- Page Template:Sister-inline/styles.css has no content.Script error: No such module "Sister project logo". Media related to Script error: No such module "Commons link". at Wikimedia Commons
- Official website
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