By Najiyya Budaly ( March 5, 2025, 12:18 PM GMT) — The proposed £3.6 billion ($4.6 billion) acquisition of the parent company of Royal Mail by a conglomerate controlled by a Czech billionaire is awaiting clearance in Romania, the companies said Wednesday…. Law360 is on it, so you are, too. …
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In a high-stakes legal battle, the owner of Royal Mail must now confront an £878.5 million ($1.1 billion) class action lawsuit brought on behalf of 290,000 retail businesses. The Competition Appeal Tribunal (CAT) has ruled that the case, alleging Royal Mail abused its dominant market position to overcharge bulk mail …
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The £3.6 billion takeover of the owner of Royal Mail by a Czech tycoon has been delayed by the political crisis in Romania. International Distribution Services, Royal Mail’s London-listed parent company, recommended a 370p-a-share takeover by EP Group, a conglomerate controlled by Daniel Kretinsky, to its shareholders last May. The …
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The government has spent the Royal Mail pension pot – costing taxpayers £4m a day. Taxpayers have been slapped with a £45billion bill for Royal Mail’s pension pots after mismanagement left the scheme with no cash to pay retirees. The Conservative Party and Liberal Democrats coalition government took over most …
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Taxpayers have been slapped with a £45billion bill for Royal Mail’s pension pots after mismanagement left the scheme with no cash to pay retirees. The coalition Government took over most of the company’s pensions in 2012 ahead of privatisation. Under the Conservatives and the Liberal Democrats, the scheme’s assets were …
Read More »A £1.2bn class action claim accusing the owner of Royal Mail of abusing its “dominant position” in the market for sending bulk mail has been given the green light to proceed to trial by UK competition authorities. Bulk Mail Claim Ltd (BMCL), a recently formed company representing an estimated 290,000 …
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(Reuters) – The completion of EP Group’s takeover of Royal Mail-owner International Distribution Services (IDS.L) is likely to be delayed to the second quarter of 2025 due to regulatory issues in Romania, the company said on Wednesday. The only regulatory condition that needs resolving pertains to foreign direct investment in …
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The proposed £3.6bn takeover of Royal Mail’s parent company has been delayed because of political unrest in Romania. The 370p per share takeover offer from Czech billionaire Daniel Křetínský’s EP UK Bidco had expected to be declared unconditional during Q1. However, today (5 March) Royal Mail parent group International Distribution …
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Royal fans are furious at Meghan Markle’s latest revelation after she insisted that her surname is ‘Sussex,’ despite the fact that she seems to have only visited the English county once and has no official surname as a member of the Royal Family. The Duchess of Sussex, 43, corrected her …
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UK | Morrisons has announced a new partnership with Quadient, a global automation platform powering secure and sustainable business connections. The partnership will install Parcel Pending by Quadient parcel lockers at 230 Morrisons Daily stores by the end of Spring 2025. All of Morrisons’ approximately 1,000 wholly-owned Morrisons Daily convenience …
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