Royal Mail PLC Spanish competition authority investigation (4376G)
05 August 2016 - 3:17PM
UK Regulatory
TIDMRMG
RNS Number : 4376G
Royal Mail PLC
05 August 2016
5 August 2016
Royal Mail plc
Statement on Spanish competition authority investigation
Royal Mail plc (RMG.L) notes that the Spanish competition
authority, Comisión Nacional de los Mercados y la Competencia
(CNMC), has today opened formal proceedings against GLS Spain, and
other companies, for an alleged breach of the Spanish Competition
Act.
Royal Mail is fully cooperating with the CNMC in order to
clarify the facts under investigation. On the basis of the alleged
conduct and GLS Spain's annual turnover, Royal Mail does not expect
any fine to be material.
Royal Mail Group takes compliance very seriously. We continue to
keep our processes under review to ensure we maintain appropriate
oversight. In particular, we have completed a compliance review of
the GLS Group and we are not aware of any other matter which could
be the subject of any other investigation by a relevant competition
law authority.
As legal proceedings are underway, we are unable to provide any
further information.
Contacts:
Media Relations
Beth Longcroft
Phone: 020 7449 8241
Email: beth.longcroft@royalmail.com
Royal Mail press office out of hours: 020 3338 1007
Investor Relations
Catherine Nash
Phone: 020 7449 8183
Email: investorrelations@royalmail.com
Company Secretariat
Kulbinder Dosanjh
Phone: 020 7449 8133
Email: cosec@royalmail.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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