Brief: EP Corp Enters Legally Binding Undertakings With UK Government In IDSI Deal

International Distribution Services

16/12/2024 08:39

Dec 16 (Reuters) - EP Corporate Group?: 
    * EP CORPORATE GROUP INTERNATIONAL DISTRI VESA EQUITY INV. 
-
UPDATE REGARDING UNDERTAKINGS TO UK GOVERNMENT
    * EP CORP- ENTERED INTO LEGALLY BINDING UNDERTAKINGS,
CONDITIONAL
UPON COMPLETION OF ACQUISITION
    * EP CORP: UNDERTAKINGS INCLUDE ROYAL MAIL WOULD CONTINUE AS
UK'S
UNIVERSAL SERVICE PROVIDER
    * EP CORP - AGREED UNDERTAKING IS NO LONGER LIMITED TO A
FIVE YEAR
PERIOD
    * EP CORP: UNDERTAKINGS INCLUDE THAT THERE WOULD BE NO
CHANGE IN
CONTROL OF GLS OR ROYAL MAIL FOR 3 YEARS AFTER COMPLETION OF
DEAL
    * EP CORP - FOR FIVE YEAR PERIOD, TO ENSURE THAT IDS AND
ROYAL
MAIL MAINTAIN THEIR HEADQUARTERS IN UK

Source text:  ID:nRSP2116Qa 

 ((Reuters.Briefs@thomsonreuters.com;))