Tag Archives: Daniel Kretinsky

Royal Mail’s sale to Czech billionaire Daniel Kretinsky has taken another step towards completion, after it got the green light on national security grounds. Pat McFadden, the chancellor of the Duchy of Lancaster, approved the deal under the National Security and Investment act. The Cabinet Office said it means the …

STORY: The British government approved a multi-billion dollar takeover of the country’s iconic postal service Royal Mail on Monday (Dec 16). EP Group – owned by Czech billionaire Daniel Kretinsky – has bid $4.5 billion for International Distribution Services – or IDS – which is Royal Mail’s parent. IDS agreed …

(Reuters) -The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday. The approval is set to be announced as early as Monday morning, the report said, citing people familiar with the matter. International Distribution …

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 …

The World Socialist Web Site has received emails from postal workers across Royal Mail Group in response to the article, “Communication Workers Union embraces Kretinsky’s takeover of Royal Mail.” CWU leaders Dave Ward and Martin Walsh have for months spun the private talks they have held with billionaire Daniel Kretinsky, …

Communication Workers Union (CWU) leaders Dave Ward and Martin Walsh issued a statement Wednesday calling on postal workers to get behind their “engagement plan” and establish a “favourable outcome” in Royal Mail’s takeover by billionaire Daniel Kretinsky. Ward and Walsh described the £3.5 billion takeover by Kretinsky’s EP Group in …

This earnings season may be winding down but there are still a number of big-name companies reporting in the coming week. All eyes will be on chipmaker Nvidia (NVDA), as investors eagerly await its latest quarterly results, to see if it can deliver another set of strong results as a …

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 …

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 …