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Oct 21 (Reuters) – Parcel services firm GLS, the international sister business to the UK’s Royal Mail, has agreed to buy a 20% stake in Greece’s ACS for 74 million euros ($80.06 million), their parent International Distribution Services (IDSI.L) said on Monday.
Under the deal GLS will retain the option to acquire the remaining 80% of ACS’ share capital within two years, IDS added.
($1 = 0.9243 euros)
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Reporting by Raechel Thankam Job; Editing by Tasim Zahid
Our Standards: The Thomson Reuters Trust Principles.
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