[ad_1] 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 to retain Royal Mail’s…
[ad_1] 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 500-year-old postal service into…
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[ad_1] 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. Whatever, his commitments to…
[ad_1] 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 Czech billionaire Daniel Kretinsky…
[ad_1] 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 by Křetínský, is set…
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[ad_1] Barely one year ago, Czech billionaire Daniel Křetínský said he had no plans to acquire the owner of Britain’s Royal Mail. On Wednesday, in the middle of an election campaign, the dealmaking tycoon dubbed the “Czech sphinx” confounded the UK market by clinching a £5.3bn deal to take over London-listed International Distribution Services. In…
[ad_1] By Yadarisa Shabong May 29 (Reuters) – The owner of Britain’s Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world’s oldest postal firms. The offer valued International Distributions Services , owner of Royal…
[ad_1] BRITAIN’S 500 year-old Royal Mail has been bought by Czech billionaire Daniel Kretinsky for £3.57billion after its parent firm agreed to a takeover. International Distribution Services (IDS) said its board of directors has accepted the takeover bid from shareholder Kretinsky. 2 Royal Mail has agreed a takeover dealCredit: Alamy 2 Daniel Kretinsky will pay…