Royal Mail: Shareholder rebellion threatens Czech Sphinx bid Business A shareholder rebellion has left Czech billionaire Daniel Kretinsky's £3.6bn bid for Royal Mail up in the air.
Here’s what the Czech Sphinx is planning for Royal Mail Retail EP Group will offer a legally binding guarantee that there will be no change in control of GLS or Royal Mail for three years following the acquisition.
Royal Mail: Postal votes boost revenue at IDS as ‘Czech Sphinx’ Kretinsky commits to six-day service retail The owner of Royal Mail has pointed to record levels of postal votes and campaigning literature as being the forces behind sizeable increases in volumes and revenue, as its bidder re-committed to the universal service obligation for at least five years.
Royal Mail: Czech Sphinx’s six-day service pledge a litmus test for Labour July 16, 2024 The Labour party has promised to “robustly scrutinise” the first foreign takeover of the 500-year-old British institution.
Czech Sphinx plots £800m Royal Mail investment to topple Amazon in UK parcel war July 14, 2024 Kretinsky’s Royal Mail takeover has ignited a national security investigation with critics wary of a historic British institution falling into foreign hands.
Kretinsky mulls giving Royal Mail staff a stake as part of £3.6bn deal June 26, 2024 The Czech billionaire that is looking to buy Royal Mail is weighing up giving staff a stake in the business if his offer is accepted.
Business secretary Kemi Badenoch to discuss Royal Mail bid with Czech Sphinx June 6, 2024 The owner of Royal Mail, last week agreed a £3.6bn takeover by Kretinsky’s EP Group, valuing the business at just above £5.2bn.
Royal Mail: Has privatisation delivered success for crown jewel as £3.5bn takeover looms? June 2, 2024 A decade after it was privatised, Royal Mail is poised for another major shake up - but how has it fared since its last sale?
Royal Mail bidder Daniel Kretinsky: We’ll deliver a turnaround or ‘go home’ June 2, 2024 Daniel Kretinsky, dubbed the Czech Sphinx, has dominated City chatter over the past few weeks after tabling a £3.6bn takeover deal for Royal Mail.
The City is underpricing how likely a Kretinsky-owned Royal Mail is May 30, 2024 British post for British doors, then, even if it arrives three days late? That certainly seems to be the Square Mile’s assumption, with shares in Royal Mail owner IDS only nibbling up 4 per cent or so yesterday despite news of a bid far north of its existing price. The working theory is that Daniel [...]