The mogul - known as the Czech Sphinx - had until 5pm today to walk away or make a bid for International Distributions Services (IDS).
Royal Mail 's owner has said it would be 'minded' to agree a takeover by Czech billionaire Daniel Kretinsky after he put forward a higher proposed bid worth around £3.5 billion.
EP Group would also continue the one-price-goes-anywhere service for letter post inside the UK, it said. The deal would see Royal Mail taken into foreign ownership for the first time since it was established by Henry VIII in 1516.IDS said it was minded to agree to a deal on the terms and price in the proposal, should a firm bid be made.
Read More The 'Czech sphinx' with $7bn fortune eyeing up Royal Mail takeover: Billionaire Daniel Kretinsky, 48, who dating a 27-year-old showjumper, is part-owner of West Ham, has shares in Sainsbury's and owns Bishop's Avenue mansion once home to Justin Bieber 'It is, however, regrettable that despite four years of asking, the Government has not seen fit to engage in reform of the universal service and thus improve our financial position and ensure that Royal Mail could...
The Communication Workers Union warned that the 'future of postal services in the UK is again under threat'. Mr Kretinsky's investment in IDS has long been a source of controversy, coming under government scrutiny in 2022 amid national security worries after he built up his shareholding. In its submission to Ofcom's consultation on the future of the universal postal service, Royal Mail said it would keep a six-day-a-week service for first-class mail in a climbdown on previous calls for all Saturday letter deliveries to be scrapped.
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The 'Czech sphinx' with $7bn fortune eyeing up Royal Mail takeover: Billionaire Daniel Kretinsky,...Known as the 'Czech Sphinx' for his inscrutable manner, the 48-year-old already has substantial investments in the UK, including a 27 per cent stake in West Ham.
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The 'Czech sphinx' with $7bn fortune eyeing up Royal Mail takeover: Billionaire Daniel Kretinsky,...Known as the 'Czech Sphinx' for his inscrutable manner, the 48-year-old already has substantial investments in the UK, including a 27 per cent stake in West Ham.
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Royal Mail 'minded' to accept £3.5bn takeover proposal by Czech billionaire Daniel KretinskyThe owner of Royal Mail has said it is 'minded' to accept a revised takeover bid by Czech billionaire Daniel Kretinsky.
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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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Czech billionaire weighs up new takeover offer for Royal Mail owner after secret bid is rejected...Royal Mail could deliver post just THREE days a week in major shake-up, Ofcom says despite fury over suggested cuts
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Royal Mail owner rejects approached bid from Czech billionaireDaniel Kretinsky put the all-cash proposal forward to buy the shares
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