2012/542/EU: Commission Decision of 21 March 2012 on the measure SA.31479 (2011/C) (ex 2011/N) which the United Kingdom plans to implement for Royal Mail Group (notified under document C(2012) 1834) Text with EEA relevance
2012/542/EU: Commission Decision of 21 March 2012 on the measure SA.31479 (2011/C) (ex 2011/N) which the United Kingdom plans to implement for Royal Mail Group (notified under document C(2012) 1834) Text with EEA relevance
Decision · 4 articles
Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
1. The notified measures in relation to the pension relief which the United Kingdom is planning to implement for Royal Mail Group constitute aid which is compatible with the internal market within the meaning of Article 107(3)(c) of the Treaty on the Functioning of the European Union, provided that the conditions set out in paragraphs 2 and 3 are met.
2. At the date of the pension relief on 1 April 2012, Royal Mail Group shall retain a liability of GBP 150 million on its balance sheet for the accrued deficits that have resulted from the pension plans that it has sponsored.
3. The United Kingdom shall not grant State aid to Royal Mail Group as compensation for legacy costs in relation to newly accrued pension liabilities for members of the Royal Mail Pension Plan after the date of the pension relief on 1 April 2012.
The debt reduction measures which the United Kingdom are planning to implement for Royal Mail Group, amounting to GBP 1 089 million, constitute aid which is compatible with the internal market under Article 107(3)(c) of the Treaty, provided that the restructuring plan notified to the Commission is implemented in full.
The United Kingdom shall submit to the Commission annual reports on the implementation of the restructuring plan. The first report shall be submitted within one year from the notification of this decision to the United Kingdom. The subsequent reports shall be submitted within one year of the previous report until the end of the restructuring plan.
