Daniel Kretinsky’s EP Group have had their offer for Royal Mail accepted by current owners International Distribution Services (IDS). The offer would see EP Group buy IDS for 370p per share, while offering a series of “contractual commitments and intentions” to protect public service aspects of the Royal Mail. IDS …
Read More »Royal Mail owner paves way for historic takeover by Czech billionaire
The takeover deal will still need to be approved by International Distribution Services (IDS)’s shareholders at the September annual general meeting. ADVERTISEMENT The owner of Royal Mail confirmed on Wednesday that it had accepted a £3.6 billion ($4.6 billion) takeover offer from the Czech investor, Daniel Křetínský. Under the deal, Křetínský’s …
Read More »Who owns Royal Mail? International Distribution Services takeover confirmed
The takeover of International Distribution Services (IDS), the parent firm of Royal Mail, was completed this week after the conclusion of discussions that began in April. The IDS board had said it was “minded to” accept a bid at the price agreed on Wednesday, which is 370p per share. Keith Williams, …
Read More »Czech billionaire Daniel Křetínský confirms £3.6bn Royal Mail takeover
Royal Mail will be taken over by a Czech billionaire after it accepted a £3.6bn takeover offer. The board of parent company International Distributions Services (IDS) on Wednesday said it has recommended an offer of 370p per share from Daniel Křetínský. The offer consists of 360p in cash, plus a …
Read More »Royal Mail agrees to £3.57bn takeover by Czech billionaire Daniel Křetínský; BHP abandons £39bn pursuit of Anglo American – business live | Business
Introduction: Royal Mail agrees £3.5bn takeover Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. It’s deadline day in the City today, with suitors for two UK-listed companies – mining giant BHP Billiton and Royal Mail – given until 5pm today to …
Read More »Royal Mail owner IDS agrees Kretinsky’s £3.6bn takeover bid
Kretinsky’s EP Group promises to preserve service levels and UK headquarters By Jane Denton Updated: 03:36 EDT, 29 May 2024 Royal Mail owner International Distribution Services has agreed terms for a £3.57billion takeover by Czech billionaire Daniel Kretinsky’s EP Group. Kretinsky said he had the ‘utmost respect’ for the history and …
Read More »What went wrong for Royal Mail? How cuts to delivery days, second-class post and closed collection offices left Britain missing critical hospital appointments, without birthday cards and Christmas gifts – and what the £3.57bn Czech takeover means for YOU
Royal Mail’s latest £3.57 billion takeover bid by Czech billionaire Daniel Kretinsky’s EP Group comes against a backdrop of a £300 million operating loss, cuts to delivery days and missed targets. Royal Mail owner International Distribution Services has said it has agreed to an offer which would see EP Group …
Read More »UK’s Royal Mail owner accepts takeover offer from Daniel Křetínský
LONDON (AP) — The owner of Britain’s Royal Mail said Wednesday it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský. Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt, …
Read More »Who is Daniel Křetínský, the Czech billionaire buying Royal Mail? – Evening Standard
Who is Daniel Křetínský, the Czech billionaire buying Royal Mail? … Czech billionaire Daniel Křetínský is set to be the next owner of Royal Mail, … Source link
Read More »What do Royal Mail and Atos have in common?
You are not logged in and only seeing 7 days of articles. Please sign up or login to view more For those following the Atos story as it continues to unfold, the news that Royal Mail’s parent company, International Distribution Services (IDS), has agreed to a £3.6bn takeover bid by …
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