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 »Czech Billionaire To Own Britain’s 500-year Old Postal Service Royal Mail
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 …
Read More »Postal services ‘under threat’ as Royal Mail owner welcomes £3.5bn takeover bid
ROYAL MAIL’s future is “again under threat,” the CWU warned today after the owner of the privatised service welcomed an improved £3.5 billion takeover offer from Czech billionaire Daniel Kretinsky. Parent company International Distribution Services (IDS) said that Mr Kretinsky’s EP Group had agreed to offer a set of “contractual …
Read More »Daniel Kretinsky buying West Ham stake is ‘precursor’ to full takeover, says Simon Jordan who compares situation to Stan Kroenke’s Arsenal buyout
After acquiring a 27% stake in West Ham United, it’s only a matter of time before Daniel Kretinsky takes complete control over the club. That’s according to talkSPORT’s Simon Jordan, who also compared the Czech billionaire’s Hammers swoop to how Arsenal owner Stan Kroenke started accumulating shares before eventually taking …
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