Royal Mail

Britain’s centuries-old Royal Mail is set to pass into foreign ownership after the UK government approved the takeover of its parent company by Czech billionaire Daniel Kretinsky’s EP Group on Monday. The takeover of International Distribution Services (IDS) by EP Group is worth £3.6 billion ($4.5 billion). The “deal protects …

Business Secretary reaches agreement with Royal Mail’s prospective new owners after in latest example of government working hand in hand with private sector to improve crucial public services.    Agreement backs Government’s Plan for Change, creating the strong foundations needed in Britian’s supply chain to kickstart economic growth and deliver for …

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Under the new deal, workers will get a 10% share of any dividends paid out to Kretinsky. Other concessions include the formation of a workers group to meet monthly with the directors of Royal Mail, no raid on the pension surplus, and no compulsory redundancies until the end of next …

STORY: The British government approved a multi-billion dollar takeover of the country’s iconic postal service Royal Mail on Monday (Dec 16). EP Group – owned by Czech billionaire Daniel Kretinsky – has bid $4.5 billion for International Distribution Services – or IDS – which is Royal Mail’s parent. IDS agreed …

The UK government has waved through the historic takeover of Royal Mail’s owner by the Czech billionaire Daniel Křetínský. Here is what you need to know about the businessman and the takeover. Who is Křetínský? Křetínský, the son of a computing professor and a senior judge, studied political science and …

London CNN  —  Royal Mail, which dates back to the reign of Henry VIII in the 1500s, is set to be sold to a Czech billionaire in a deal that will keep the institution based in Britain. Daniel Křetínský’s EP Group has made “legally binding commitments” to the UK government …

The sale of Royal Mail to Czech billionaire Daniel Kretinsky has been approved by the government. Mr Kretinsky‘s company EP Group will buy the postal service’s parent company International Distribution Services (IDS). The £5.3bn deal had been agreed in May but was subject to a government review under national security …

The Royal Mail is not royal, if ever it was. It has not been an essential state-supplied service for some time, although I doubt we can survive without it as a universal service. And now it is going to be owned by a Czech-controlled entrepreneur. There is not even going …

British authorities have given the green light to the sale of Royal Mail to Czech billionaire Daniel Křetínský’s EP Group. The management of International Distribution Services, which currently owns Royal Mail, accepted Křetínský’s takeover offer of 3.6 billion pounds (almost 110 billion crowns) in May and recommended that their shareholders approve …