The pro-business agenda of Starmer’s incoming Labour government was typified by its pre-election backing for Royal Mail’s takeover by billionaire Daniel Kretinsky. Labour’s Business Secretary Jonathan Reynolds has worked closely with Communication Workers Union (CWU) officials led by Dave Ward, supporting their policy of “engagement” with Kretinsky’s EP Group to …
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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 …
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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 …
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“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 …
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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 …
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