Royal Mail will be taken over by a Czech billionaire after it accepted a £3.6bn takeover offer. The board of parent company International Distributions Services (IDS) on Wednesday said it has recommended an offer of 370p per share from Daniel Křetínský. The offer consists of 360p in cash, plus a …
Read More »Introduction: Royal Mail agrees £3.5bn takeover Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. It’s deadline day in the City today, with suitors for two UK-listed companies – mining giant BHP Billiton and Royal Mail – given until 5pm today to …
Read More »
Kretinsky’s EP Group promises to preserve service levels and UK headquarters By Jane Denton Updated: 03:36 EDT, 29 May 2024 Royal Mail owner International Distribution Services has agreed terms for a £3.57billion takeover by Czech billionaire Daniel Kretinsky’s EP Group. Kretinsky said he had the ‘utmost respect’ for the history and …
Read More »Royal Mail’s latest £3.57 billion takeover bid by Czech billionaire Daniel Kretinsky’s EP Group comes against a backdrop of a £300 million operating loss, cuts to delivery days and missed targets. Royal Mail owner International Distribution Services has said it has agreed to an offer which would see EP Group …
Read More »
LONDON (AP) — The owner of Britain’s Royal Mail said Wednesday it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský. Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt, …
Read More »
Who is Daniel Křetínský, the Czech billionaire buying Royal Mail? … Czech billionaire Daniel Křetínský is set to be the next owner of Royal Mail, … Source link
Read More »
You are not logged in and only seeing 7 days of articles. Please sign up or login to view more For those following the Atos story as it continues to unfold, the news that Royal Mail’s parent company, International Distribution Services (IDS), has agreed to a £3.6bn takeover bid by …
Read More »
The owners of Royal Mail have agreed to a multi-billion pound takeover bid by Czech billionaire Daniel Kretinsky. The company’s parent firm International Distribution Services (IDS) said its board of directors had approved the deal after a formal offer was made earlier this month. It said the agreement included a …
Read More »
The board of Royal Mail owner International Distribution Services said it has agreed to a £3.57bn takeover offer from Czech billionaire Daniel Kretinsky. Under the deal, Mr Kretinsky has agreed for Royal Mail to deliver first-class post six days a week for the next five years. 5 things to start …
Read More »Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Czech billionaire Daniel Křetínský has reached an agreement to buy the owner of Royal Mail in a deal valuing the group at £5.2bn, as he pledged to revive the fortunes …
Read More »