La Poste to Get EU2.7 Billion Capital Increase From French State

La Poste will raise 2.7 billion euros ($3.7 billion) in new capital from the French state and the Caisse des Depots et Consignations, according to a joint statement.

The agreement is to be signed in the coming days. The capital increase will take place in three parts this year, next year and in 2013, the statement said.

To contact the reporter on this story: Melissa Pozsgay at mpozsgay@bloomberg.net.

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net

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