Royal Mail owner backs £3.5bn takeover offer by Czech billionaire
New Křetínský bid creates headache for UK government amid growing scrutiny on foreign takeovers of critical infrastructureThe owner of Royal Mail has accepted a £3.5bn bid for the postal company from a Czech billionaire after he ramped up the value of the takeover, creating a political headache for the government.Last month, Royal Mail’s parent company, International Distributions Services (IDS), rejected a preliminary offer worth 320p a share, or £3.1bn, from Daniel Křetínský, an energy tycoon whose company, EP Group, is its largest shareholder. Continue reading...
New Křetínský bid creates headache for UK government amid growing scrutiny on foreign takeovers of critical infrastructure
The owner of Royal Mail has accepted a £3.5bn bid for the postal company from a Czech billionaire after he ramped up the value of the takeover, creating a political headache for the government.
Last month, Royal Mail’s parent company, International Distributions Services (IDS), rejected a preliminary offer worth 320p a share, or £3.1bn, from Daniel Křetínský, an energy tycoon whose company, EP Group, is its largest shareholder. Continue reading...
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