Tag Archives: EP Group

The Communication Workers Union’s (CWU) letter-writing campaign urging postal workers to contact their Member of Parliament (MP) for urgent action to “Protect Postal Services” is a political fraud from top to bottom. It claims Royal Mail workers can “Have your Say”, when in fact it is based on adding a …

The leaders of the Communication Workers Union (CWU), Dave Ward and his deputy Martin Walsh, have gone into damage limitation mode to shore up their framework agreements with Royal Mail’s new owner, billionaire Daniel Kretinsky’s EP Group. Their efforts come amid fresh evidence of the gutting of the mail service …

[Getty Images] Royal Mail has returned a profit for the first time in three years as the company attempts to turn around its fortunes. In its first set of results since being taken over by Czech billionaire Daniel Kretinsky’s EP Group in April, the company reported profits of £12m, excluding …

Pushing through “USO reform” following the takeover of Royal Mail and parent company International Distribution Services (IDS) by billionaire Daniel Křetínský’s EP Group has hit major problems. This presents fresh possibilities for postal workers to oppose the brutal restructuring agenda—resistance blocked until now by the collusion of the Communication Workers …

Czech billionaire Daniel Kretinsky is to become chairman of Royal Mail after completing the £3.6 billion takeover of the postal service. (PA Wire) Czech billionaire Daniel Kretinsky is to become chairman of Royal Mail after completing the £3.6 billion takeover of the postal service. Mr Kretinsky’s EP Group said that, …

(Reuters) -Czech billionaire Daniel Kretinsky will become the chairman of British parcel and postal firm Royal Mail, his investment firm EP Group said on Friday. Kretinsky’s EP Group closed its 3.57 billion pounds ($4.90 billion) acquisition of Royal Mail’s parent company International Distribution Services (IDS) earlier this month. The new …

The May 16 Communication Workers Union (CWU) Letter to Branches is another PR exercise defending backroom deals with Royal Mail and billionaire Daniel Kretinsky’s EP Group, which completed its £3.6 billion buyout on April 30. Signed by CWU Deputy General Secretary Martin Walsh and National Executive Chair Mick Kavanagh, the …

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 …

(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 …

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 …