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International Distributions Services PLC - London-based letter and package carrier and owner of Royal Mail, Parcelforce and General Logistics Systems - EP Corporate Group AS, the vehicle of billionaire Czech businessman Daniel Kretinsky, completes second stage of the syndication of debt financing with six banks. JP Morgan Cazenove, financial adviser to EP, is satisfied that sufficient cash resources are available to satisfy in full the cash consideration payable to IDS Shareholders under the terms of the acquisition.
Current stock price: 336.13 pence
12-month change: up 39%
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