13th Aug 2024 10:40
International Distributions Services PLC - London-based letter and package carrier and owner of Royal Mail, Parcelforce and General Logistics Systems - International parcel division GLS Group sells its US freight divisions, GLS US Freight Inc and GLS US Business Solutions Inc, to DC Logistics LLC. Provides no financial details of the disposal, which is expected to close on September 1. It comes as IDS is in the process of being acquired by EP Corporate Group AS, the vehicle of billionaire Czech businessman Daniel Kretinsky. The sale of the US freight services "is consistent with GLS US's strategy to focus on its core parcel offering".
Current stock price: 340.80 pence
12-month change: up 31%
By Tom Waite, Alliance News editor
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