U.K. Clears Takeover of Royal Mail Owner After Deal With Kretinsky’s EP Group
EP Group committed to safeguarding Royal Mail’s role in the U.K. as it works to finalize its £3.57-billion acquisition of International Distribution Services.
Britain clinches the terms of the deal to sell 500-year-old Royal Mail to a Czech billionaire
Royal Mail, which dates back to the reign of Henry VIII in the 1500s, is set to be sold to a Czech billionaire in a deal that will keep the institution based in Britain.
Czech billionaire acquires Britain’s centuries-old Royal Mail
LONDON: Britain’s centuries-old Royal Mail is set to pass into foreign ownership after the UK government on Monday approved the takeover of its parent company by Czech billionaire Daniel Kretinsky’s EP Group. The takeover of International Distribution Services (IDS) is worth 3.6 billion ($4.5 billion).
Daniel Kretinsky's EP Group agrees to terms with UK government over Royal Mail deal
(Reuters) -Czech billionaire Daniel Kretinsky's EP Group said on Monday it agreed to certain terms with the UK government for its takeover of Royal Mail's parent, paving way for a green light on the tightly-scrutinised deal.
Czech Billionaire's Historic Acquisition of Royal Mail Approved
The British government approved Czech billionaire Daniel Kretinsky's EP Group's acquisition of Royal Mail in a $4.5 billion deal. The deal ensures UK operations continuity and protects jobs under new ownership,
British government approves sale of Royal Mail to Czech billionaire
The British government on Monday cleared Czech billionaire Daniel Kretinsky's purchase of the Royal Mail's parent company, the International Distribution Services, for $4.56 billion.
UK government approves $4.6-billion takeover of Royal Mail by a Czech billionaire
Britain’s government has approved the sale of Royal Mail’s parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history.
Britain approves Royal Mail $6b takeover by Czech billionaire
The buyer agreed to deliver mail six days a week to all 32 million addresses in Britain for the price of a stamp. Read more at straitstimes.com.
Royal Mail takeover by Czech billionaire Daniel Kretinsky's EP Group 'approved'
It is understood that permission for the sale of International Distribution Services (IDS) to Daniel Kretinsky's EP Group is set to be officially announced later on Monday morning after being reviewed
UK clears Czech billionaire Daniel Kretinsky to buy Royal Mail
Britain on Monday cleared Czech billionaire Daniel Kretinsky's EP Group to buy Royal Mail in a 3.57 billion pound ($4.5 billion) deal, after securing commitments that the government said would protect one of the world's oldest postal services.
Czech Billionaire Kretinsky Gets UK Approval to Buy Royal Mail
The UK government has approved Daniel Kretinsky’s £3.6 billion ($4.6 billion) takeover of the Royal Mail’s parent company, after the Czech billionaire made a series of commitments.
Communication Workers Union has paved the way for Kretinsky takeover of Royal Mail
The CWU bureaucracy blazed the trail for the takeover by colluding in dismantling the mail service under the guise of ...
Křetínský faces walking a tightrope as he tries to transform Royal Mail
Czech tycoon’s concessions could make the tricky task of turning a troubled legacy business into a modern postal service more ...
What do we know about Royal Mail's new owner?
The sale of Royal Mail's parent company to the Czech billionaire Daniel Křetínský has been cleared by the UK government.