Tag Archives: Czech Sphinx

The Czech Sphinx’s bid for Royal Mail has been condemned as seriously undervaluing the business. Former business secretary Vince Cable has warned the Government not to wave through the sale of the Royal Mail to Czech tycoon Daniel Kretinsky, citing his links to Russia and the high amount of debt …

Royal Mail owner IDS said it is facing a £120 million hit due to national insurance increases (Royal Mail/PA) (PA Media) The Royal Mail is close to being sold to Czech billionaire Daniel Kretinsky in a £3.6bn deal which could be announced in the next two weeks. The deal must …