The Royal Mail said it is “minded” to accept the latest takeover bid by Czech billionaire Daniel Kretinsky. The improved offer values the Royal Mail parent company International Distribution Services (IDS) at £3.5bn. IDS, which also owns GLS, a thriving parcels delivery service based in the Netherlands. “The Board is …
Read More »Almost every aspect of Daniel Křetínský’s fresh offer for the owner of the Royal Mail is unsatisfactory: the price, the identity of the bidder and the sketchy “undertakings” to protect the UK postal service. First, the terms – 370p a share, or £3.5bn – only look attractive if you think …
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Royal Mail’s owner has said it would be “minded” to agree a takeover by shareholder Daniel Kretinsky after the Czech billionaire put forward a higher proposed bid worth around £3.5 billion. International Distribution Services (IDS) said Mr Kretinsky’s EP Group had upped its proposal to 370p a share, from an …
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Kirkland & Ellis and rival Paul Weiss are advising on the latest bid for Britain’s Royal Mail by Czech billionaire Daniel Kretinsky. Kirkland & Ellis is acting for EP Corporate Group, which Wednesday made a fresh bid for Royal Mail parent company International Distributions Services Plc that values it at …
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Czech billionaire Daniel Křetínský might be the next owner of Royal Mail, after its parent company International Distributions Services (IDS) … Source link
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Keith Williams, chairman of IDS, said: “The board is minded to recommend this offer price, which it considers to be fair and reflects the value of GLS’ current growth plans and the progress being made on change at Royal Mail to adapt the business to a significant fall in the …
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Tevva secured contracts to supply vehicles to Royal Mail and Travis Perkins. The electric truck has a range of 140 miles and is set to be joined … Source link
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Date: 15 May 2024 | Author: Sean Keywood The current state of play regarding fleet electrification will be addressed by the BVRLA’s 2024 Fleets in Charge conference. The rental and leasing industry body says the event, taking place in Westminster on 10 July, will take stock of the …
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The service operates an air, rail and road network to keep post and parcels moving between distribution hubs and processing centres. Most of the Royal Mail network will be running smoothly today, though some UK areas will likely be impacted by delays. Royal Mail warned that this is due to …
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Postal codes have become an essential part of addressing letters and parcels in the modern world. These alphanumeric combinations serve as geographic shortcuts that help streamline mail delivery and other services. In many countries, the postal code system is preceded by the country’s name, further simplifying the process of international …
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