Published 15 days ago

Royal Mail target of 'opportunist' takeover bid by Czech billionaire

Czech billionaire Daniel Kretinsky submitted a bid for International Distributions Services , potentially becoming the owner of Royal Mail.
Kretinsky's initial bid by EP Group was rejected, aiming to make a new offer valued at around £2.5 billion to buy IDS.
EP Group proposed buying IDS shares not already owned, causing Royal Mail's owner IDS shares to rise following the rejected takeover by Kretinsky.

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The Guardian

Royal Mail bid from Czech billionaire should be treated with deep scepticism

Daniel Křetínský has failed to answer vital questions – and the company should not slip into private ownership from abroadRoyal Mail owner received takeover offer from Czech billionaire“For multiple reasons – the heritage, the spirit of the company – it’s good if every British citizen can invest in the shares,” Daniel Křetínský told the Sunday Times a year ago, seemingly ruling out a takeover bid for International Distributions Services, the gro…

16 days ago·London, United Kingdom

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Reuters

Headline Unavailable

16 days ago·United Kingdom

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Daily Express

Royal Mail owner rejects Czech billionaire's buyout bid

International Distributions Services, Royal Mail's parent company, has rejected a takeover approach from its largest shareholder, Czech billionaire Daniel Kretinsky.

16 days ago·United Kingdom

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Shropshire Star

Royal Mail owner rejects bid approach from Czech billionaire

Royal Mail owner International Distribution Services has seen shares soar higher after it was revealed the group rejected a takeover approach from shareholder and Czech billionaire Daniel Kretinsky.

16 days ago·Ketley, United Kingdom

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Evening Standard

Who is Daniel Křetínský, the Czech billionaire looking to buy Royal Mail?

He is nicknamed the 'Czech Sphinx' due to his enigmatic approach to business

16 days ago·London, United Kingdom

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Wales Online

Royal Mail target of 'opportunist' takeover bid by Czech billionaire

The move comes weeks after the Royal Mail put forward plans for a major shake-up in its second class postal service as it tries to make it cost effective

16 days ago

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