Tag: royal-mail

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Royal Mail £3.6bn takeover approved by the UK Government

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Daniel Kretinsky (49), Czech low-key billionaire entrepreneur, whose net worth is £6bn, is the new owner of Royal Mail, the historic British company, after the £3.6bn takeover sale of its parent firm was approved by the UK Government. His EO Group is ready to make Royal Mail successful. His investments are in Eustream, Central and Eastern European energy via a labyrinthine structure of companies, which transports Russian Gas via pipelines that run through Ukraine, the Czech Republic and Slovakia.  He build up well-known brands through Vesa Equity Investment, a private firm which is Luxembourg, also holds big stakes in Sainsbury’s … Continue reading Royal Mail £3.6bn takeover approved by the UK Government

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Czech billionaire buys Royal Mail for £3.6billion

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Royal Mail’s owner has agreed to a £3.6billion  takeover bid by Czech tycoon Daniel Křetínský, another British organisation under foreign ownership. Parent firm international Distribution Services (IDS) said its board of directors had approved  the billionaire’s offer which was received earlier this month.  The deal values the business at £5.3billion including debt and Daniel Křetínský, EP Group must guarantee a series of contractual commitments and intentions to protect Royal Mail’s public service duties such as its one-price-goes-anywhere  first-class post six days week. The 48-year-old Czech Sphinx already owns  27 per cent share in IDS and also owns parts of West Ham United FC and Sainsbury’s. … Continue reading Czech billionaire buys Royal Mail for £3.6billion