The Times: The board of Royal Mail's parent company is prepared to recommend an improved £3.5bn takeover approach for the group from Daniel Kretinsky, … Source link
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The GCA has urged Royal Mail’s parent company, International Distribution Services (IDS), and EP Group to consider the interests of its members if it goes through with a sale. EP Group is owned by Czech billionaire Daniel Kretinsky. The firm already owns a 27.6% stake in IDS and a 9.9% stake in …
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Royal Mail’s parent company International Distributions Services is set to agree a £3.5 billion takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the British firm has said. Kretinsky’s investment vehicle EP Group sweetened its bid to buy the owner of one the world’s oldest postal companies …
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The board of Royal Mail’s parent company, International Distributions Services (IDS), is set to recommend an improved £3.5 billion takeover bid from Daniel Kretinsky, the Czech tycoon shareholder known as the “Czech sphinx.” IDS has received a non-binding proposal of 370p per share from EP Group, a conglomerate controlled by …
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ROYAL MAIL is ready to accept a sweetened £3.5billion takeover bid from Czech billionaire Daniel Kretinsky — after he pledged to protect workers and pensions. His commitments are designed to soothe political jitters about a foreign takeover of a nationally important company. 5 Royal Mail is ready to accept a …
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By Leah Montebello Updated: 04:11 EDT, 16 May 2024 Royal Mail is just the latest British company to be targeted by foreign buyers this year with the value of bids from overseas topping £60billion. In one of the most dramatic days in the 508-year history of the postal service, parent …
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The Government has shown little appetite to mount a defence. The Chancellor has talked in platitudes about how there are lessons to be learned from the debt crisis that has engulfed Thames Water at the same time as repeating the tired yet vague mantra that Britain must ensure it continues …
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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 …
Read More »The owner of Royal Mail has backed a £3.5bn offer for the postal company from a Czech billionaire after he sweetened the value of his planned takeover, creating a political headache for the government. Last month, Royal Mail’s parent company, International Distributions Services (IDS), rejected a preliminary offer worth 320p …
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A Royal Mail lorry drives past the Warrington Royal Mail Centre. Nathan Stirk | Getty Images Royal Mail’s parent company International Distributions Services is set to agree a £3.5 billion ($4.42billion) takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the British firm said on Wednesday. Kretinsky’s …
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