Royal Mail subsidiary General Logistics Systems Canada Ltd. acquires Canadian logistics company Mid-Nite Sun Transportation Ltd. for C$360 million | Client Work

On December 1, 2021, Royal Mail plc announced that its subsidiary, General Logistics Systems Canada Ltd. (GLS), completed the acquisition of Canadian logistics company Mid-Nite Sun Transportation Ltd. (Mid-Nite), one of the largest independent freight carriers in Western Canada that operates as Rosenau Transport. The shareholders of Mid-Nite are (via …

Read More »

Dormant Assets Bill receives Royal Assent

The Dormant Assets Bill has received Royal Assent, meaning the government’s Dormant Assets Scheme has been expanded to cover additional assets from certain pensions and investments. The passage of the bill is expected to unlock up to £800m for use in charitable causes. Dormant assets held via vehicles including savings …

Read More »