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: [phone]

Email: [e-mail]

Royal Mail press office out of hours: 020 3338 1007

Investor Relations

Catherine Nash

Phone: [phone]

Email: [e-mail]

Company Secretariat

Kulbinder Dosanjh

Phone: [phone]  

Email: [e-mail]

 

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