British United Provident Association Ltd

1. Description of merger: The British United Provident Association Ltd (BUPA)

2. Date of original undertakings: Press release: 20 October 1997

3. Companies giving undertakings: The British United Provident Association Ltd

4. Details of undertakings: Divestment undertakings

(i) By 31 March 1998 to:

(a) complete the sale of all interests held directly or indirectly by BUPA or its subsidiaries in Independent British Healthcare plc ('IBH') to a person or persons not under the control of BUPA and not being an Associated Person or Associated Persons of BUPA or under the control of any such Associated Person or Associated Persons;

(b) having, except in certain circumstances, given the Director General at least 10 days written notice of the identity of the person or persons to whom such sale is to be made and the Director General having given consent to such a sale.

(ii) Except with prior written consent:

(a) not to acquire, except in certain circumstances, an interest in IBH or an interest in any company or undertaking having control of IBH;

(b) not to acquire any assets of IBH other than in the ordinary course of business;

(c) procure that none of its employees or directors holds or is nominated to any directorship or managerial position in IBH or in any company or other undertaking having control of IBH;

(d) not to participate in any way with the policy of IBH, whether directly or through any person having control of IBH;

(e) not to co-operate or attempt to co-operate with IBH, or any person having control of IBH, except in certain circumstances;

(f) procure that, except in certain circumstances, no confidential information about IBH is disclosed to any employee, manager or director of any subsidiary or division of BUPA which is responsible for, carries on, or is connected with BUPA's insurance or healthcare activities.

5. Date of amendments: N/A

6. SIC code: 85.11 (Hospital activities)

Back to: Undertakings in lieu of reference