Slaughters seals £300m Post Office aid package
Slaughter and May is advising the Post Office on a deal with the Government to secure more than £300m of state aid. As part of the restructuring of the Post Office and Royal Mail, the Post Office is to receive an aid package worth £313m in the form of public service compensation.
March 09, 2007 at 10:57 AM
2 minute read
The original version of this story was published on Law.com
Slaughter and May is advising the Post Office on a deal with the Government to secure more than £300m of state aid.
As part of the restructuring of the Post Office and Royal Mail, the Post Office is to receive an aid package worth £313m in the form of public service compensation.
Corporate partner Jeff Triggs is leading the magic circle firm's team acting on behalf of the Post Office.
Slaughters is a longstanding adviser to the Post Office, having acted for the group on the establishment of its joint venture with the Bank of Ireland and the sale of the Post Office's financial services products arm.
Meanwhile, Slaughters is also advising Provident Financial on its proposed de-merger, which will see its international home credit business become a separately-listed entity. Corporate partner Andy Ryde is leading the team.
As part of the de-merger, Ryde is advising on the sale of Provident's non-core motor insurance business, Provident Insurance. It is anticipated the sale will be completed before the de-merger becomes effective.
Slaughter and May is advising the Post Office on a deal with the Government to secure more than £300m of state aid.
As part of the restructuring of the Post Office and Royal Mail, the Post Office is to receive an aid package worth £313m in the form of public service compensation.
Corporate partner Jeff Triggs is leading the magic circle firm's team acting on behalf of the Post Office.
Slaughters is a longstanding adviser to the Post Office, having acted for the group on the establishment of its joint venture with the
Meanwhile, Slaughters is also advising Provident Financial on its proposed de-merger, which will see its international home credit business become a separately-listed entity. Corporate partner Andy Ryde is leading the team.
As part of the de-merger, Ryde is advising on the sale of Provident's non-core motor insurance business, Provident Insurance. It is anticipated the sale will be completed before the de-merger becomes effective.
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