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The owner of Royal Mail has accepted a £3.57 billion ($4.6 billion) takeover bid from Czech billionaire Daniel Křetínský, paving the way for the sale of one of Britain’s oldest and most ...
Authorities confirmed Monday that the 3.6 billion-pound ($4.6 billion) takeover of Royal Mail's owner, International Distribution Services, by billionaire Daniel Kretinsky's EP Group, can go ahead.
Royal Mail owner International Distribution Services (IDS) said it has agreed to a £3.57 billion takeover offer from Czech billionaire Daniel Kretinsky’s EP Group.
The act allowed for up to 90% of Royal Mail to be privatised, with at least 10% of shares to be held by Royal Mail employees. [ 8 ] As part of the 2011 act, Postcomm was merged into the communications regulator Ofcom on 1 October 2011, with Ofcom introducing a new simplified set of regulations for postal services on 27 March 2012. [ 9 ]
Royal Mail's industrial disputes include a seven-week strike in 1971 after a dispute over pay and another strike in 1988 due to bonuses being paid to new staff recruited in London and the South East. [94] Royal Mail suffered national wildcat strikes over pay and conditions in 2003. [95]
DX (trading as DX and DX Freight) is a British mail, courier and logistics company, with operations throughout the United Kingdom and Ireland based in Datchet, England. [ 1 ] They employ more than 3,000 staff, and their network covers most UK and Ireland business and residential addresses.
Daniel Křetínský is set to become the new owner of Royal Mail after the sale of its parent firm was approved by the government. The Czech entrepreneur has been described as a "quiet sphinx" for ...
Officials from the Communication Workers Union were speaking after meeting representatives of the EP Group.