(Reuters) – Parcel services firm GLS, the international sister business to the UK’s Royal Mail, has agreed to buy a 20% stake in Greece’s ACS for 74 million euros ($80.06 million), their parent International Distribution Services said on Monday.
Under the deal GLS will retain the option to acquire the remaining 80% of ACS’ share capital within two years, IDS added.
($1 = 0.9243 euros)
(Reporting by Raechel Thankam Job; Editing by Tasim Zahid)
