Loss-making Royal Mail is set to be sold to Czech billionaire Daniel Kretinsky in a multi-billion pound deal. The beleaguered firm – haemorrhaging £1m a week – looks likely to end up in the hands of Mr Kretinsky’s EP Group. The sale has been formally accepted by Royal mail’s parent …
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Royal Mail has been forced to clarify an ‘error’ as one of its vans appeared to show a new King Charles cypher – for the wrong monarch. The picture shows His Majesty’s symbol, which features an intertwined CR that stands for Charles Rex, design topped with a crown. Inside …
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The sale of Royal Mail to Czech billionaire Daniel Kretinsky’s EP Group is close to being finalized and could be confirmed in the next two weeks, according to sources close to the deal. The BBC on Thursday cited sources close to the deal as saying that Kretinsky has agreed to …
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Royal Mail owner International Distribution Services PLC (LSE:IDS) could get government approval for its £3.6 billion takeover by Czech … Source link
Read More »Czech billionaire Daniel Křetínský is close to finalizing the acquisition of Royal Mail, with sources indicating the deal could be officially confirmed within the next two weeks. This much-anticipated sale, valued at £3.6 billion (approximately 110 billion CZK), is being pursued through Křetínský’s EP Group and has required him to …
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Proactive Investors – Royal Mail (LON:) owner International Distribution Services PLC (LSE:IDS) could get government approval for its £3.6 billion takeover by Czech billionaire Daniel Kretinsky next month, according to a report from the BBC. Kretinsky’s EP Group is thought to have offered to increase the duration of its guarantees …
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The Royal Mail postal system is adopting Movopack’s returnable packaging solution – believed to cut CO2 emissions by 84% compared to single-use packaging – following a £2 million (€2,402,070) funding round. While standard e-commerce packaging is typically made from single-use cardboard with 70% recycled content, Movopack’s solution utilizes rPET sourced …
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The Czech Republic will donate CZK 12.1 million to NATO’s trust fund for non-military aid to Ukraine, the government announced Monday. The fund, active since 2016, provides essentials like medical supplies, fuel, and winter gear. The donation aligns with Czech foreign policy priorities and supports Ukraine’s transition toward NATO cooperation. …
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The sale of the British mail company Royal Mail to the EP Group of Czech billionaire Daniel Křetínský is close to completion, and could be confirmed within the next two weeks, the BBC has reported. Křetínský’s advisors met with union representatives this week. According to some sources, union members still …
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