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Spanish competition authority investigation

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
 
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