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 …
Read More »Royal Mail owner approves takeover bid from Czech billionaire
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 …
Read More »Royal Mail at risk of being broken up after £3.6bn foreign takeover
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 …
Read More »Czech Billionaire To Own Britain’s 500-year Old Postal Service Royal Mail
International Distributions Services plc, the owner of Britain’s 500-year old postal service and courier company Royal Mail, has agreed to a takeover offer by EP Corporate Group, owned by Czech billionaire Daniel Kretinsky. The total deal value is around 3.568 billion pounds on a fully diluted basis, while enterprise value …
Read More »Royal Mail owner paves way for historic takeover by Czech billionaire
The takeover deal will still need to be approved by International Distribution Services (IDS)’s shareholders at the September annual general meeting. ADVERTISEMENT The owner of Royal Mail confirmed on Wednesday that it had accepted a £3.6 billion ($4.6 billion) takeover offer from the Czech investor, Daniel Křetínský. Under the deal, Křetínský’s …
Read More »Who owns Royal Mail? International Distribution Services takeover confirmed
The takeover of International Distribution Services (IDS), the parent firm of Royal Mail, was completed this week after the conclusion of discussions that began in April. The IDS board had said it was “minded to” accept a bid at the price agreed on Wednesday, which is 370p per share. Keith Williams, …
Read More »Czech billionaire Daniel Křetínský confirms £3.6bn Royal Mail takeover
Royal Mail will be taken over by a Czech billionaire after it accepted a £3.6bn takeover offer. The board of parent company International Distributions Services (IDS) on Wednesday said it has recommended an offer of 370p per share from Daniel Křetínský. The offer consists of 360p in cash, plus a …
Read More »What went wrong for Royal Mail? How cuts to delivery days, second-class post and closed collection offices left Britain missing critical hospital appointments, without birthday cards and Christmas gifts – and what the £3.57bn Czech takeover means for YOU
Royal Mail’s latest £3.57 billion takeover bid by Czech billionaire Daniel Kretinsky’s EP Group comes against a backdrop of a £300 million operating loss, cuts to delivery days and missed targets. Royal Mail owner International Distribution Services has said it has agreed to an offer which would see EP Group …
Read More »Who is Daniel Křetínský, the Czech billionaire buying Royal Mail? – Evening Standard
Who is Daniel Křetínský, the Czech billionaire buying Royal Mail? … Czech billionaire Daniel Křetínský is set to be the next owner of Royal Mail, … Source link
Read More »The secret to our success? Wait for the other team to mess up… meet the duo who met through work at Royal Mail and are now thriving at Daily Mail Foursomes competition
David Lavin and Nick Uttley have entered Daily Mail Foursomes for the first time Duo first met through work at the Royal Mail and have since ‘played golf together They beat Hesketh after finally getting the better the of them at the 21st hole By Tara Anson-walsh Published: 18:15 EDT, 28 May …
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