The company's parent firm said its branding and UK headquarters would remain in place as part of the deal, along with its universal service obligation to 'one-price-goes-anywhere' first class post six days a week.
The owners of Royal Mail have agreed to a £3.6bn takeover bid by Czech billionaire Daniel Kretinsky. The company's parent firm International Distribution Services said its board of directors had approved the deal after a formal offer was made earlier this month.
Reacting to the announcement on Wednesday, shadow business secretary Jonathan Reynolds said: 'These assurances are welcome that Royal Mail will retain its British identity and safeguard its workforce with no compulsory redundancies. 'Labour in government will ensure these are adhered to.
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Royal Mail's owner says it would be 'minded' to agree takeover by Daniel Kretinsky: Czech...The mogul - known as the Czech Sphinx - had until 5pm today to walk away or make a bid for International Distributions Services (IDS).
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Royal Mail owner accepts £3.57bn takeover offer from Czech billionaireThe offer would see EP Group buy IDS for 370p per share, while offering a series of “contractual commitments and intentions” to protect public…
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Royal Mail owners agree to £3.5bn takeover offer from Czech billionaire Daniel KretinskyRoyal Mail parent firm International Distribution Services (IDS) has said its board of directors have agreed to a £3.57 billion takeover offer from Czech billionaire and shareholder Daniel Kretinsky.
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Royal Mail owner accepts £3.57bn takeover offer from Czech billionaireThe offer would see EP Group buy IDS for 370p per share, while offering a series of “contractual commitments and intentions” to protect public…
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Royal Mail owner accepts £3.5bn takeover bid from Czech billionaireIt comes days after regulators launched an investigation into Royal Mail after it delivered less than three quarters of first class post on time in the last year
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Many are mystified why a Czech billionaire wants to buy Royal Mail's ownerLong-suffering shareholders will doubtless jump at the offer as in-depth discussions on the deal have evidently been taking place between IDS and Daniel Kretinsky's EP Group.
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