Daniel Kretinsky has agreed not to push through unreasonable price rises following his takeover of the Royal Mail – David W Cerny/Reuters The cost of a first-class stamp is to rise by 5p as Royal Mail gears up for a looming takeover by Czech billionaire Daniel Kretinsky. The postal service …
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(Reuters) – The completion of EP Group’s takeover of Royal Mail-owner International Distribution Services (IDS.L) is likely to be delayed to the second quarter of 2025 due to regulatory issues in Romania, the company said on Wednesday. The only regulatory condition that needs resolving pertains to foreign direct investment in …
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Royal Mail’s £3.6bn sale to the Czech billionaire Daniel Kretinsky is being held up by a political crisis in Romania caused by claims of Russian meddling. More than two months after the takeover was waved through by the British Government, Mr Kretinsky’s EP Group is still waiting for approval from …
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European officials are currently engaged in talks regarding the potential restart of Russian pipeline gas sales to the European Union as a part of a peace settlement to end the conflict in Ukraine. This proposal has sparked intense debate across the EU. In the UK, Shell’s CEO, Wael Sawan, has …
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Royal Mail will go into foreign hands for the first time when Daniel Kretinsky’s approved bid completes The owner of Royal Mail is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion thanks to a welcome uplift in the number of parcels …
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The owner of Royal Mail said it remains on track to return to annual profit after a parcel boost over Christmas as its £3.6 billion takeover by Czech billionaire Daniel Kretinsky nears completion. International Distribution Services (IDS) (IDS.L) said Royal Mail delivered more than 99% of items that were posted …
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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 …
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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 …
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(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 …
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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 …
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