LONDON, U.K.: Daniel Kretinsky’s path to owning Royal Mail is nearly complete, as his firm EP Group announced this week that all regulatory hurdles for the acquisition have now been cleared. The Czech billionaire’s proposed takeover of Royal Mail-parent International Distribution Services (IDSI.L) has met the final conditions necessary to …
Read More »By Yadarisa Shabong May 29 (Reuters) – The owner of Britain’s Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world’s oldest postal firms. The offer valued International Distributions Services …
Read More »International Distributions Services plc, the owner of Britain’s 500-year old postal service and courier company Royal Mail, has agreed to a takeover offer by EP Corporate Group, owned by Czech billionaire Daniel Kretinsky. The total deal value is around 3.568 billion pounds on a fully diluted basis, while enterprise value …
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