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Read More »The City’s betting the Royal Mail bid gets lost in the post. But will it?
Wednesday 29 May 2024 3:53 pm Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email While it is true the Royal Mail deal may face some regulatory resistance, the alternative situation may be worse for the next government. …
Read More »City fails to back £3.6bn Royal Mail takeover – despite parent company’s board agreeing to the deal
By John-Paul Ford Rojas Updated: 03:08 EDT, 30 May 2024 ‘Czech Sphinx’ Daniel Kretinsky’s £3.6billion swoop for Royal Mail’s parent company has failed to win over the City – despite the company’s board agreeing to the deal. Shares in International Distribution Services rose 4.3 per cent, or 13.8p, to 335p …
Read More »Who is Daniel Kretinkshy — the Czech ‘Sphinx’ paying £5bn to take over the Royal Mail
Last May, Daniel Kretinsky gave a rare interview. Known as “the Czech Sphinx”, the enigmatic, low-profile billionaire “makes it clear”, says the newspaper, “that he will not be bidding for Royal Mail, where his Vesa investment vehicle owns more than 25 per cent, or Sainsbury’s, where it has 10 per …
Read More »Royal Mail parent company agrees to formal takeover
By David Hartwig The board of Royal Mail’s parent company, International Distributions Services, has agreed to a formal takeover offer from Czech multibillionaire businessman and lawyer Daniel Kretinsky, the BBC reported May 29. Kretinsky’s £3.57 billion (approximately $4.55 billion) offer for Royal Mail includes assumed debts, as well as commitments …
Read More »Inside the world of Royal Mail’s new billionaire owner Daniel Kretinsky and his glamorous partner: Businessman nicknamed the Czech Sphinx part-owns West Ham, is dating showjumper Anna Kellnerova, 27, and rented his house to Justin Bieber
Czech Billionaire Daniel Kretinsky today had his firm EP Group’s £3.57billion bid to take over Royal Mail owner International Distribution Services approved by the board. NIcknamed the ‘Czech Sphinx’ for his inscrutable nature, his purchase of IDS – which may yet be subject to government scrutiny – could take the UK’s …
Read More »Royal Mail sale: It’s not over, warns union leader | National
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Read More »It’s too expensive to send a letter — we should renationalise Royal Mail, not sell it abroad
Mr Kretinsky may not even be that interested in Royal Mail. Some observers, including The Spectator’s Martin Van der Weyer, think that his real interest is in GLS, the profitable Dutch postal delivery service also owned by Royal Mail’s parent company. Once he’s got that, he may offload Royal Mail. …
Read More »Britain’s Royal Mail owner agrees to $4.6 bln takeover by Czech billionaire Kretinsky
May 29, 2024 / 08:40 PM IST With letter volumes declining over time, Royal Mail has been attempting to reposition itself as a parcel-led enterprise. The owners of the centuries-old Royal Mail in Britain announced on Wednesday, May 29, that they had consented to the takeover of the company by …
Read More »Royal Mail agrees £3.5bn takeover with Czech billionaire
73 per cent premium to pre-offer price Safeguards in place for next five years The parent company of Royal Mail, International Distribution Services (IDS), has struck a takeover deal with Czech billionaire Daniel Křetínský, having agreed to a “far-reaching package of legally binding” safeguards. EP Group, the European industrial giant controlled …
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