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02.06.25 - 15:12
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Ex-UK trade minister Greg Hands to advise Czech billionaire Daniel Křetínský (The Guardian)
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Former Tory MP will work with tycoon's EP Group, which bought Royal Mail, in Britain and GermanyBusiness live – latest updatesThe former Conservative trade minister Greg Hands has been appointed as a strategic adviser to a Czech conglomerate best known in the UK for acquiring Royal Mail.EP Group – which also has investments in the energy, media and property sectors – is run by the multibillionaire Czech tycoon Daniel Křetínský, who Hands said he has known for “a long time”. The group received approval for its takeover of Royal Mail in December 2024, after long-running UK government efforts to assess the national security considerations of the deal. Continue reading......
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03.04.25 - 11:54
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Royal Mail takeover deal by Czech billionaire to be finalised this month (The Guardian)
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Daniel Křetínský clears final regulatory hurdles for £3.6bn takeover of Royal Mail parent companyBusiness live – latest updatesThe £3.6bn takeover of Royal Mail's parent company will be completed this month, nearly a year after it was first agreed, as the Czech billionaire Daniel Křetínský cleared the final regulatory hurdles standing in the way.International Distribution Services (IDS), the owner of the 508-year-old Royal Mail, said on Thursday the deal “may become or be declared unconditional” by 30 April, after a delay due to issues in Romania. Continue reading......
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31.01.25 - 07:24
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Ofcom delivers relief for Royal Mail at snail′s pace – too late to stop Czech takeover | Nils Pratley (The Guardian)
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Regulator finally cuts Royal Mail some slack on its service obligations. But what if it had done so sooner?Royal Mail should cut second-class delivery days, says regulator OfcomWhat if Ofcom had cut Royal Mail some slack half a decade ago? What if the universal service obligation (USO), the requirement on the postal operator to deliver nationwide six days a week at a uniform price, had been tweaked before letter volumes fully fell off the cliff?Would Royal Mail's finances have been in better shape? Would Daniel Křetínský, AKA the Czech Sphinx, not have had an opening to make his £3.6bn takeover bid while the share price was on the floor? Or, if he had pounced, would the board of the International Distribution Services(IDS), the parent, have put up a stiffer fight? Continue reading......
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23.12.24 - 08:06
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Parcels of land: is the Czech Sphinx gazing at Royal Mail′s property assets? (The Guardian)
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Daniel Křetínský could be hoping to develop or sell off the company's portfolio of about 1,800 sitesThe shadow of the Sphinx looms large over a nondescript urban depot in north London. You could fit two football pitches on to the vast King's Cross site – a rarity in this densely populated part of the capital – yet it makes up just a fraction of a vast freehold estate, the keys to which are about to be handed to the billionaire Daniel Křetínský.Known as the Czech Sphinx, because of his inscrutable demeanour, Křetínský is poised to complete his conquest of Royal Mail, via a £3.6bn takeover of its parent company, International Distribution Services (IDS). Continue reading......
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17.12.24 - 10:39
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UK Govt Approves Sale Of Royal Mail To Czech Billionaire (ZeroHedge)
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UK Govt Approves Sale Of Royal Mail To Czech Billionaire
Authored by Thomas Brooke via Remix News,
The British government has approved the £3.6 billion (€4.34 billion) sale of International Distribution Services (IDS), the parent company of Royal Mail, to EP Group, owned by Czech billionaire Daniel Křetínský.
The decision, announced on Monday by IDS on the London Stock Exchange, makes Křetínský the new owner of the historic Royal Mail after 500 years of British ownership.
The government will retain a “golden share” in the company, ensuring its control over key decisions, such as changes to ownership, tax residency, or the headquarters location.
Royal Mail, which employs over 150,000 people, will continue operating under strict conditions agreed upon by EP Group.
These include maintaining its Universal Service Obligation (USO), which guarantees letter delivery six days a week and parcel delivery Monday to Friday across the U.K. at a standard price.
Additionally, the agreement ensur...
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16.12.24 - 17:06
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Royal Mail takeover by Czech billionaire Daniel Křetínský approved (The Guardian)
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UK government to retain 'golden share' in parent company International Distribution ServicesBusiness live – latest updatesThe sale of Royal Mail's parent company to the Czech billionaire Daniel Křetínský has been approved by the UK government after a review under national security laws.The £3.6bn takeover of International Distribution Services (IDS) – the owner of the 508-year-old Royal Mail – by Křetínský's EP Group was confirmed on Monday morning. Continue reading......
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16.12.24 - 15:38
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Czech billionaire Kretinsky′s sprawling empire (Reuters EN)
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FACTBOX-Czech billionaire Kretinsky's sprawling empire Updates Royal Mail, Unieuro, removes Atos, TF1 Dec 16 (Reuters) - Czech billionaire Daniel Kretinsky is pressing on with his buying spree in Europe after the British government cleared his investment vehicle to buy Royal Mail. Kretinsky, 49, a former investment bank lawyer who built one of Europe's largest energy groups, Energeticky a Prumyslovy Holding (EPH), has been diversifying into retail, media and other areas....
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