Companies

An Post repays €30m state loan

Loan was given to An Post to invest in 2017 to support first phase of firm’s transformation

David McRedmond, An Post chief executive. Picture: Maxwells Photography

An Post has repaid in full and on time a €30 million loan advanced by government in 2017 to support the first phase of the company’s transformation.

The loan was given to the postal service operator to invest in a new strategy for financial services, its national and international e-commerce parcels business and the purchase of its first tranche of electric delivery vehicles in December 2017.

In a statement, An Post said the strategy has ...