Tag: Securicor

UKs Securicor to seek new directors

Posted by | Feb 16, 2003 | |

Securicor, the security services group, is to appoint new non-executive directors following criticism of a £750,000 (E1.1m, $1.2m) bonus paid to Roger Wiggs, the former chief executive who last year became a non-executive.

Major shareholders plan to demand an explanation of the payment, made at the beginning of last year but revealed only last week.

Wiggs, 63, retired as chief executive at the end of 2001. As well as £226,000 salary and fees received in the year to last September, he also received the £750,000 pay-out.

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Deutsche Post: a continuous acquisition trail

Posted by | Jan 13, 2003 | |

Deutsche Post is set to go on with its continuous growth strategy with the acquisition of Italian parcel operator Casa di Spedizioni Ascoli. This is not the only deal Deutsche Post has in the pipeline, as the acquisition of the remaining 50% of Securicor Distribution could also follow.

Contains market sizing data

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Deutsche Post close to Securicor deal

Posted by | Jan 13, 2003 | |

Deutsche Post is close to acquiring the remaining 50 per cent stake in Securicor’s UK parcels distribution business. The German postal operator is seeking to streamline its express, freight and logistics services under one roof and to close remaining gaps in its pan-European delivery network. “We are in the final stages of securing a deal – it is imminent,” said a person close to the talks. Deutsche Post is expected to pay up to €300m (£192m) for the 50 per cent it does not already own in Securicor Distribution.

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UK OFT says Securicor-Royal Mail deal may impinge on competition

Posted by | Nov 29, 2002 | |

The Office of Fair Trading said Securicor PLC’s plan to acquire the cash handling and distribution business of the Royal Mail Group PLC, formerly Consignia PLC, could impinge on competition.

Following a review of the proposed transaction, John Vickers, OFT director general, said “it seems reasonable to conclude that there is a significant prospect that the transaction may be expected to result in a substantial lessening of competition.”

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