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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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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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, …
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The Czech billionaire bidding to buy Royal Mail is under pressure to cap stamp prices as Labour pushes for tougher concessions on the deal. The Telegraph has learnt that ministers want Daniel Křetínský, known as the “Czech sphinx”, to rule out further increases to first-class stamp prices as part of …
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The World Socialist Web Site had the following conversation with a Royal Mail delivery worker in Scotland who is a member of the Postal Workers Rank-and-File Committee (PWRFC). Their name has been withheld to protect against victimisation. The discussion focussed on the experience of postal workers on the ground and …
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