The approval follows a thorough review, addressing concerns about Royal Mail's strategic importance to the UK government. As part of the deal, the … Source link
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The 500-year-old postal service is set to be snapped up in a £3.6bn deal By SAM BARKER Updated: 12:14 EST, 16 December 2024 Royal Mail is set to be taken over by Czech billionaire Daniel Kretinsky – leaving households wondering what the deal means for them. Royal Mail is currently …
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The £5.3bn deal had been agreed in May but was subject to a government review under national security laws as Royal Mail is considered vital … Source link
Read More »Two general elections ago, Labour was promising to renationalise Royal Mail. Now, in office, it is happy to see the ancient institution fall to a leveraged takeover bid from a private equity-style company that will have the power to set the price of a first-class stamp from Prague. The decision …
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According to the Sunday Times Rich List, the 49-year-old is now worth £6bn – up £2bn on 2023. He has adopted low-profile approach to his business dealings, but what we do know about Mr Křetínský is that he made a large part of his money in Central and Eastern European …
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With the government finally approving his purchase of the Royal Mail, Daniel Kretínsky – the so-called “Czech Sphinx” – has landed his white whale. The billionaire investor agreed a deal to buy International Distribution Services (IDS) – the name of the holding company – back in May. However, the process …
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For the first time in five centuries, the Royal Mail is out of British hands after ministers approved its sale to Daniel Křetínský, known as the “Czech Sphinx”. While the £5.3bn deal was struck in May, the final agreement only came on Monday after Křetínský’s EP Group gave fresh commitments …
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Daniel Kretinsky’s bid for Royal Mail passed a major milestone on Monday with the government’s approval, albeit reliant on a string of commitments, for the £3.6 billion deal. Having faced a review under national security laws, the green light for the deal marked a key step for Kretinsky’s EP Group …
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Britain’s centuries-old Royal Mail is set to pass into foreign ownership after the UK government approved the takeover of its parent company by Czech billionaire Daniel Kretinsky’s EP Group on Monday. The takeover of International Distribution Services (IDS) by EP Group is worth £3.6 billion ($4.5 billion). The “deal protects …
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