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ANC heads to Europe

5th July 1990, Page 16
5th July 1990
Page 16
Page 16, 5th July 1990 — ANC heads to Europe
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Which of the following most accurately describes the problem?

• ANC is about to sign a joint venture with another company to push into the European express market. The parcels fu-m concentrates on UK deliveries and has a customer base of around 10,000 regular users. A growing proportion is asking it to do international work which is currently subcontracted to other parcel companies.

0 ANC's parent Bricom has been bought by Swedish firm Gamlestaden. ANC says there will be no changes in its operations.

Bricom had originally intended to float on the Stock Market, but owing to current economic conditions, the firm says a takeover offered more long-term security.