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Government to scrutinise £5.3bn Royal Mail takeover

The new Labour government is set to look closely at the £5.3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky. Business secretary Jonathan Reynolds said it would be “reasonable to expect [the deal] to be called in”, as ministers had intervened when Kretinsky increased his stake …

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Royal Mail owner chooses new boss from Dutch subsidiary

T he company behind Royal Mail has appointed its next boss from its rapidly growing Dutch subsidiary following a bruising time for the logistics giant. International Distributions Services (IDS) said that Martin Seidenberg will become chief executive of the group. Since 2020 he has run GLS – an Amsterdam-based parcel …

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