Royal Mail Considers £3.5 Billion Takeover Proposal from Czech Billionaire Daniel Kretinsky The owner of Royal Mail is contemplating a revised takeover bid from Czech billionaire Daniel Kretinsky, signaling potential changes on the horizon for the iconic postal service. Daniel Kretinsky’s investment firm EP Group has tabled a new offer, …
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“The Board has sought, and EP Group has agreed to offer as part of the Proposal, a set of contractual undertakings to protect key public interest factors and recognise Royal Mail’s status as a key part of national infrastructure. It is anticipated that the commitment to offer these contractual undertakings …
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By Tom Fish (May 15, 2024, 5:15 PM BST) — The owner of national postal carrier Royal Mail said on Wednesday that it is prepared to accept an increased buyout bid worth £3.5 billion ($4.4 billion) by a conglomerate controlled by Czech billionaire Daniel Křetínský, in a deal led by …
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ROYAL MAIL’s future is “again under threat,” the CWU warned today after the owner of the privatised service welcomed an improved £3.5 billion takeover offer from Czech billionaire Daniel Kretinsky. Parent company International Distribution Services (IDS) said that Mr Kretinsky’s EP Group had agreed to offer a set of “contractual …
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The most dramatic aspect of Wednesday afternoon’s statement from International Distributions Services (IDS) is that the company’s board has indicated that it is minded to recommend Daniel Kretinsky’s offer to shareholders. That speaks to the depth of discussions that have evidently taken place between IDS and Mr Kretinsky’s EP Group …
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By David Hartwig Great Britain’s Royal Mail issued a £2.50 definitive stamp April 4 to meet a new postage rate. The stamp features a portrait of King Charles III initially created by Martin Jennings for new coinage from the Royal Mint. Royal Mail calls the background color gooseberry green. The …
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The owner of Royal Mail has said it is “minded” to accept a revised takeover bid by Czech billionaire Daniel Kretinsky. The latest offer from Mr Kretinsky’s investment firm EP Group values the Royal Mail parent company International Distribution Services (IDS) at £3.5bn. Money latest: UK economy in safe hands …
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The owner of Royal Mail has said it is “minded” to accept a revised takeover bid by Czech billionaire Daniel Kretinsky. The latest offer from Mr Kretinsky’s investment firm EP Group values the Royal Mail parent company International Distribution Services (IDS) at £3.5bn. Money latest: UK economy in safe hands …
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FTSE 100 advances 17.67 points to 8445.8 Experian tops leaderboard on top-end results Royal Mail owner IDS jumps after new Czech Sphinx offer … Source link
Read More »Czech billionaire Daniel Kretinsky is poised to become the next owner of Royal Mail after he today unveiled a sweetened £3.5billion offer from his company. Known as the ‘Czech Sphinx’ for his inscrutable manner, the 48-year-old already has substantial investments in the UK, including a 27 per cent stake in West …
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