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 …
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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 …
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LONDON – EP UK Bidco Limited, a company indirectly owned by EP Group and J&T Capital Partners (WA:), has entered into a Deed of Undertaking with the UK Government, ensuring a series of legally binding commitments to protect the operations and obligations of Royal Mail (LON:). This move follows the …
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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 …
Read More »The sale of Royal Mail’s parent company to the Czech billionaire Daniel Křetínský has been approved by the UK government after a review under national security laws. The £3.6bn takeover of International Distribution Services (IDS) – the owner of the 508-year-old Royal Mail – by Křetínský’s EP Group was confirmed …
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It is understood that permission for the sale of International Distribution Services (IDS) to Daniel Kretinsky’s EP Group is set to be officially announced later on Monday morning after being reviewed by the Government under the National Security and Investment Act. Mr Kretinsky and IDS agreed a deal in May …
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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 …
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The government has approved the Czech billionaire Daniel Kretinsky’s £3.6 billion takeover of the Royal Mail owner International Distribution Services. Kretinsky has agreed measures with the government to safeguard the important role that Royal Mail plays in the UK. He will maintain the so-called universal service obligation, which includes the …
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