Press Release: The European Commission approves the financial part of the restructuring plan for ABX Logistics

The European Commission on 7 December 2005 decided to approve the financial part of the restructuring plan for the ABX Logistics group, worth €176 million. This decision was based on a restructuring plan which would significantly reduce the capacity of the ABX Worldwide group, including its branches ABX Germany and ABX Netherlands, restore the viability of the whole of the group and transfer all of its capital to a private investor who would need to act within 12 months of this decision. As for the domestic activities of ABX France, these had been privatised in 2005.