Over the past week two issues have come to the fore in the £3.5 billion takeover bid by billionaire Daniel Kretinsky of Royal Mail and parent company International Distribution Services (IDS). First of all, Kretinsky has wasted no time in spelling out a major overhaul from day one of his …
Read More »
The takeover of Royal Mail by billionaire Daniel Kretinsky’s private equity firm EP Group moved a step closer Friday, with Chancellor Jeremy Hunt appearing to welcome a £3.5 billion buyout of Royal Mail shareholders. EP Group’s takeover bid marks a new stage in the wrecking operation against Royal Mail since …
Read More »
“The Board has sought, and EP Group has agreed to offer as part of the Proposal, a set of contractual undertakings to protect key public interest factors and recognise Royal Mail’s status as a key part of national infrastructure. It is anticipated that the commitment to offer these contractual undertakings …
Read More »
Czech energy tycoon Daniel Kretinsky today bought another big chunk of Royal Mail, lifting his shareholding up to 12.1% as part of his gamble that the company’s shares are drastically cheap. The billionaire known as the Czech Sphinx for his secretive ways now owns a stake worth £222 million after …
Read More »