Tag Archives: Royal Mail

The board of Royal Mail's parent company has accepted a £3.57 billion offer to buy the group from Czech billionaire Daniel Kretinsky. If the deal goes … Source link

Linklaters has advised BNP Paribas, Citibank, Societe Generale and UniCredit as mandated lead arrangers and bookrunners on the £2.85bn financing for the recommended cash offer by strategic investor EP Corporate Group, a.s. for International Distributions Services plc (IDS), valuing IDS’s share capital at c.£3.5bn and implying an enterprise value of …

Mr Kretinsky, who is already the largest shareholder in Royal Mail through his company EP Group, has pledged not to split the group’s lucrative parcels business, GLS, from its struggling letters business. Under terms set out in his offer, this undertaking would be valid for three years after the deal …

GB News host Andrew Pierce has been left fuming at the takeover of Royal Mail and claimed that it "should remain British. Source link

A Royal Mail investor has spoken out to oppose ‘Czech sphinx’ Daniel Kretinsky’s £3.6billion take over of the postal firm. Jeremy Smith, a top-ten shareholder in International Distributions Services — the parent company of Royal Mail — has today said that current management can add more value to the struggling company.  …

Czech Billionaire Daniel Kretinsky today had his firm EP Group’s £3.57billion bid to take over Royal Mail owner International Distribution Services approved by the board. NIcknamed the ‘Czech Sphinx’ for his inscrutable nature, his purchase of IDS – which may yet be subject to government scrutiny – could take the UK’s …

Mr Kretinsky may not even be that interested in Royal Mail. Some observers, including The Spectator’s Martin Van der Weyer, think that his real interest is in GLS, the profitable Dutch postal delivery service also owned by Royal Mail’s parent company. Once he’s got that, he may offload Royal Mail. …

By Yadarisa Shabong May 29 (Reuters) – The owner of Britain’s Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world’s oldest postal firms. The offer valued International Distributions Services …

Open this photo in gallery: A Royal Mail worker loads vans at a delivery office in Tonbridge, Britain, on May 29.Chris J Ratcliffe/Reuters It was established by King Henry VIII to send messages to members of the royal court, and now, for the first time in its 508-year history, Britain’s …

EP Group made a number of other legally-binding undertakings to the Government as part of the bid. These include maintaining key services under Royal Mail’s universal service obligation for the next five years, such as the one-price-goes-anywhere system and Saturday deliveries for first class post. Mr Kretinsky has agreed to …