Royal Mail owner warns offer from Czech billionaire could put firm at risk
IDS previously backed Daniel Křetínský £3.5bn offer but now says a takeover may lead to ‘material uncertainty’ over company’s futureRoyal Mail’s owner has warned that a potential £3.5bn bid by the Czech billionaire Daniel Křetínský could put the company’s financial future and operations at risk.It came as the industry regulator Ofcom announced it had opened an investigation into the parent group, International Distributions Services (IDS), for failing to meet its annual delivery targets for the second year in a row. Last year, Ofcom fined the company £5.6m for failing to meet its first-class and second-class delivery targets in 2022-23. Continue reading...
IDS previously backed Daniel Křetínský £3.5bn offer but now says a takeover may lead to ‘material uncertainty’ over company’s future
Royal Mail’s owner has warned that a potential £3.5bn bid by the Czech billionaire Daniel Křetínský could put the company’s financial future and operations at risk.
It came as the industry regulator Ofcom announced it had opened an investigation into the parent group, International Distributions Services (IDS), for failing to meet its annual delivery targets for the second year in a row. Last year, Ofcom fined the company £5.6m for failing to meet its first-class and second-class delivery targets in 2022-23. Continue reading...
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