On 19 January 2024, SWI COMCO prohibited the takeover by Swiss Post.
Main Points
- The Quickmail Group, with its two subsidiaries Quickmail and Quickpac, distributes letters, unaddressed mail, newspapers, magazines, parcels throughout Switzerland.
- Swiss Post is a competitor; for SWI COMCO, the takeover would harm competition for commercial customers in the market for addressed mass postal items over 50 grams.
- The takeover would create/strengthen a Swiss Post dominant position in markets for sending letters and parcels and in the market for distributing newspapers, magazines.
- The merging entities presented a failing firm defense, rejected by the SWI COMCO.
- Alongside Swiss Post, there was another potential buyer from the Quickmail Group.
- The takeover by this third party would allow a favorable solution for the Quickmail group to continue to exist on the market and maintain competition with Swiss Post.
- If the potential buyer's offer is accepted, a bankruptcy could be avoided given the absence of over-indebtedness, and the Quickmail group will be able to remain active.
- As an alternative service provider for the benefit of consumers, commercial customers.