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.
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Source link : https://www.theguardian.com/business/article/2024/may/15/royal-mail-owner-backs-35bn-takeover-offer-by-czech-billionaire
Author : Alex Lawson
Publish date : 2024-05-15 13:46:58
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