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 …
Read More »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 …
Read More »
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 …
Read More »
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 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 …
Read More »
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 …
Read More »
Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light …
Read More »
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION FOR IMMEDIATE RELEASE 16 December 2024 RECOMMENDED CASH OFFER for …
Read More »
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 …
Read More »
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 »