5 Aug 2016 14:17
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