July 4, 2024
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Kretinsky Says Royal Mail Needs Funds to Avoid ‘Deadly Spiral’

  • May 30, 2024

(Bloomberg) — Czech billionaire Daniel Kretinsky, who plans to purchase the company that owns UK’s Royal Mail, says the British postal service needs new investment to be competitive. Most Read from Bloomberg Kretinsky currently owns 27.6% of International Distribution Services Plc. If his offer for the rest of the company is rejected, Royal Mail could

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Finance

Owner of UK’s Royal Mail says it has accepted a takeover offer from a Czech billionaire

  • May 29, 2024

LONDON (AP) — The owner of Britain’s Royal Mail said Wednesday it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský. Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt, the deal values IDS at

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