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Royal Mail’s sale to Czech billionaire Daniel Kretinsky has been cleared by the Government, paving the way for the more than 500-year-old postal service to pass into foreign ownership for the ...
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.
However, on 29 May, the owners of Royal Mail accepted an offer of 360 pence a share. [22] Křetínský has committed in writing to honouring the Universal Service Obligation for five years. [23] The acquisition, worth £3.6 billion, was approved in December 2024, with the UK government retaining a "golden share" in Royal Mail. [24]
International Distribution Services plc (formerly Royal Mail Limited, Royal Mail plc and International Distributions Services plc) is a British company providing postal and courier services. The UK government initially retained a 30% stake in the company, [ 4 ] but sold its remaining shares in 2015. [ 5 ]
Daniel Kretinsky says he will not walk away from the Universal Service Obligation to deliver letters. ... Mail. 24/7 Help.
Global ranking Name Citizenship Net worth (USD) Sources of wealth 104: Renata Kellnerova Czech Republic 18 billion: PPF Group: 249: Karel Komarek Czech Republic 9.5 billion: KKCG: 256
Royal Mail's parent company is being sold to a business controlled by Czech billionaire Daniel Kretinsky in a deal worth £3.6bn, after the Labour government approved the deal last year.