Tag: UK

Norbert Dentressangle agree Christian Salvesen acquisition

Combined sales achieved in 2006 of c. euro 2.9 billion and approximately 390 sites in 13 countries

The Boards of Christian Salvesen and Norbert Dentressangle (GND) have announced that they have reached agreement on the terms of a recommended acquisition by GND of the entire issued and to be issued ordinary share capital of Christian Salvesen at a price of 92.0 pence in cash for each Christian Salvesen Share, valuing Christian Salvesen’s fully diluted share capital at approximately £254.4 million.

The terms of the Transaction represent a premium of approximately 79.0% to the Closing Price of 51.5 pence for each Christian Salvesen Share on 24 September 2007, being the last business day prior to the announcement by Christian Salvesen that it had received approaches and a premium of approximately 58.0% to the average Closing Price of 58.2 pence for each Christian Salvesen Share for the three-month period prior to 24 September 2007.

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Consultation Starts on Changes To Post Office Network – East Yorkshire, Bassetlaw and North Lincolnshire

Post Office Ltd today opened a six-week local public consultation on its Area Plan for the East Yorkshire with Bassetlaw and North Lincolnshire area. In line with the criteria and factors set by the Government in its Response Document (DTI The Post Office Network, Government response to public consultation May 2007 – www.dti.gov.uk/consultations/page36024.html), the Area Plan proposes future provision of Post Office services through a network of 336 branches across the area, resulting in the closure of 45 existing branches (see full list below).

Under the proposals, more than 99 pct of the area’s population will either see no change, or will remain within one mile (by road distance) of an alternative branch. In addition to the 336 branches which are proposed to remain in the East Yorkshire with Bassetlaw and North Lincolnshire area. Post Office Ltd is proposing to establish 24 outreach services, which would use innovative ways to continue to provide Post Office services, particularly in smaller communities where the existing branch is proposed for closure.

Possible types of outreach service in the East Yorkshire with Bassetlaw and North Lincolnshire area could include a mobile service visiting small communities at set times, a hosted service operated within a third party premises for restricted hours each week, or a partner service within the premises of a local partner such as a pub landlord.

Post Office Ltd is now seeking views on the proposed future service provision in the area, in particular views on access to Post Office services, the accessibility of alternative branches to those proposed for closure and the appropriate form of Outreach to be provided. Consultation is due to end on 12 November 2007.

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Consultation Starts On Changes To Post Office Network – Kent

Post Office Ltd today opened a six week local public consultation on its Area Plan for Kent. In line with the criteria and factors set by the Government in its response document, DTI The Post Office Network, Government Response to Public Consultation May 2007 (www.dti.gov.uk/consultations/page36024.html) the Area Plan proposes future provision of Post Office services through a network of 295 branches across the area, resulting in the closure of 58 existing branches.

Under the proposals more than 99 pct of the area’s population will either see no change to their nearest branch, or will remain within one mile (by road distance) of an alternative branch.

The detailed Area Plan proposal for Kent is now available. To obtain a copy visit www.postoffice.co.uk/networkchange or write to Post Office Ltd at Freepost Consultation (no stamp required ) or email [email protected]. Post Office Ltd is now seeking views on the proposed future service provision in the area including in particular views on access to Post Office® services and the accessibility of alternative branches to those proposed for closure. Consultation is due to end on 12 November 2007.

The Government has already undertaken a 12 week national consultation before reaching a decision to reduce the UK wide network of Post Office branches by up to 2500 from its current level of over 14000 while continuing to provide funding (subject to state aid EU clearance) to support a more sustainable network in the future. The proposals now published support the national accessibility criteria introduced by the Government.

Under the area plan proposals 90.9 pct of the area’s population will see no change in their nearest branch. A further 8.3 pct live less than one mile by road distance from the nearest alternative branch, with 3 pct within half a mile.

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Consultation Starts on Changes to Post Office Network – East Midlands

Post Office Ltd today opened a six week local public consultation on its Area Plan for the East Midlands. In line with the criteria and factors set by the Government in its Response document, DTI The Post Office Network, Government response to public consultation May 2007(www.dti.gov.uk/consultations/page36024.html) the Area Plan proposes future provision of Post Office services through a network of 360 branches across the area, resulting in the closure of 77 existing branches.

Under the proposals, more than 99 pct of the area’s population will either see no change to their nearest branch, or will remain within one mile (by road distance) of an alternative branch.

In addition to the 360 branches which are proposed to remain in the East Midlands area, Post Office Ltd is proposing to establish 11 outreach services, which would use innovative ways to continue to provide Post Office services- particularly in smaller communities – where the existing branch is proposed for closure.

Possible types of outreach service in the East Midlands could include a mobile service visiting small communities at set times, a hosted service operated within third party premises for restricted hours each week, or a partner service within the premises of a local partner (such as a pub landlord)

The detailed Area Plan proposal for the East Midlands area is now available. To obtain a copy visit www.postoffice.co.uk/networkchange or write to Post Office Ltd at Freepost Consultation (no stamp required), or email [email protected] Post Office Ltd is now seeking views on the proposed future service provision in the area, including in particular views on access to Post Office® services, the accessibility of alternative branches to those proposed for closure and the appropriate form of outreach service to be provided. Consultation is due to end on 12 November 2007.

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UK Post offices 'to be opened in pubs'

Temporary post office branches could be opened in pubs in order to meet government efficiency targets.

That is according to the Post Office’s first batch of local consultations on which branches should be closed under government plans.

They propose that roughly 15 per cent of post offices be closed in order to meet central government targets.

Announced last year by then trade and industry secretary Alistair Darling, the plans, designed to cut losses on the post office network, envisaged a fall in the number of local branches from just over 14,000 to almost 12,000 over an 18-month period.

Published today are the individual plans for post offices in Kent, the east Midlands and an area encompassing eastern Yorkshire, Bassetlaw and north Lincolnshire.

But the Post Office insists that 99 per cent of customers will see no change to their services, with nine in ten people remaining within one mile of a post office.

Under today’s consultation plans, Kent would lose 58 of its 363 post offices, the number of branches in the east Midlands will fall from 433 to 360 and 336 post offices would remain in eastern Yorkshire after 45 are closed.

The plan to open post offices in pubs is among a number of outreach proposals that also include the option of mobile branches.

“Taking the decision to close any post office branch is always very difficult and we know will cause concern to many of our customers,” commented Post Office managing director Alan Cook.

Mr Cook added: “We want to ensure that everyone who uses, relies on or has any concern with post office services is both fully aware of the changes we are proposing to meet government requirements, and able to give views on how accessible services will be in the future.”

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