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15 Dec 2015 09:28
Royal Mail plc
15 December 2015
Conclusion of French competition authority investigation into antitrust law breaches in France
Further to its updates on 9 October 2014 and 21 May 2015, Royal Mail plc confirms its acceptance of the determination of the French competition authority (Autorité de la Concurrence) confirming that GLS France was in breach of antitrust laws in the period 2004 to 2010. By agreeing not to contest the allegations and provide compliance commitments, Royal Mail has benefited from a reduction in the French competition authority's fine to €55.1 million (£40.2 million).
Royal Mail recognises the absolute need to comply with European and national competition law and the necessity to prevent infringements. It has implemented an enhanced compliance programme in GLS France in order to strengthen the culture of competition law compliance.
The fine is covered by the provision in Royal Mail's financial statement for the year ended 29 March 2015.
For more information contact:
Media
Mish TullarPhone: 07423 524 154Email: mish.tullar@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
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