Compass Group PLC
Granada Group PLC
29 June 2000
MERGER OF GRANADA GROUP PLC AND COMPASS GROUP PLC
RECEIVES EUROPEAN COMMISSION APPROVAL
Granada and Compass Group are pleased to announce today that
they have received clearance from the European Commission for
the proposed Merger. This clearance is an important step
towards completing the proposed Merger which will create a
world-leading hospitality group and a substantial independent
media company, well positioned to be at the forefront of
global consolidation and convergence in their respective
industries.
Outstanding conditions to the Merger include the approval of
Granada and Compass Group shareholders at the extraordinary
general meetings and court meetings to be held on Wednesday 5
July and the sanction of the court.
Granada and Compass Group currently expect the Merger to be
completed at the end of July.
Enquiries:
Granada Group PLC Compass Group PLC
Gerry Robinson Francis Mackay
Charles Allen Michael Bailey
Henry Staunton Andrew Lynch
020 7451 3000 01932 573 000
Lazard Schroder Salomon Smith Barney
John Dear Robert Swannell
Nicholas Shott David Wormsley
Robert Constant Simon Lindsay
020 7588 2721 020 7986 4000
Citigate Dewe Rogerson Hudson Sandler Ltd
Jonathan Clare Michael Sandler
Simon Rigby Nick Lyon
Chris Barrie Wendy Baker
Alex Brown 020 7796 4133
020 7638 9571
This announcement is made jointly by Granada Group PLC and
Compass Group PLC. Terms defined in the announcement made
jointly by Granada Group PLC and Compass Group PLC on 17 May
2000 shall have the same meanings in this announcement.
This press release does not constitute an offer of securities.
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