Tag Archives: Royal Mail

If you see the words “daffodil” and “poetry” in the same sentence you might well think of William Wordsworth wandering about the Like District with his sister Dorothy and being confronted by a trumpeting host of golden blossoms. But if you’ve been to a daffodil weekend in Dymock, or its …

Former Royal Mail boss Rico Back has thrown his weight behind Daniel Křetínský’s bid to take over the business, claiming the troubled postal giant “cannot go on like it did”. Mr Back, who was chief executive of Royal Mail from 2018 to 2020, told The Telegraph that the deal would …

By Leah Montebello, Business Reporter Published: 19:37 EDT, 31 May 2024 | Updated: 19:53 EDT, 31 May 2024 Royal Mail is facing a ‘death spiral’ over its obligation to deliver post six days a week, according to would-be owner Daniel Kretinsky. The billionaire – nicknamed the Czech Sphinx – described …

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. …