US EditionCzech billionaire Kretinsky named chairman of Royal Mail after takeover
- Czech billionaire Daniel Kretinsky has become chairman of Royal Mail after completing a £3.6 billion takeover of the postal service.
- Royal Mail has issued a £1 golden share to the UK Government to ensure its headquarters stays in the UK.
- Confirmation of Kretinsky's appointment came after International Distribution Services formally left the London Stock Exchange on June 2.
- Greg Hands has been appointed as a strategic adviser, focusing on the UK and Germany.
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Czech billionaire and investor Daniel Křetínský will become chairman of the board of directors of the British postal service Royal Mail. His company EP Group, which completed the takeover of Royal Mail's parent company, International Distribution Services (IDS), for 3.57 billion pounds (104 billion CZK) earlier this month, announced on Friday, according to Reuters.
Royal Mail has appointed Czech billionaire Daniel Kretínsky as new president just a few weeks after he bought from International Distributions Services (IDS) for about £3.550 million (€4.161 million) the share of the share capital that he still did not control in the post office.
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