Royal Mail is up for sale

[Ihavenojob]

Křetínský, known as the Czech Sphinx for his low profile and inscrutable approach, also has stakes in Sainsbury’s, as well as

West Ham United

 

[JohnD]

"Czech billionaire Daniel Křetínský agrees to buy Royal Mail owner in £5.2bn deal​

International Distribution Services board recommends bid from its largest shareholder"

 

[gas112]

"Czech billionaire Daniel Křetínský agrees to buy Royal Mail owner in £5.2bn deal​

International Distribution Services board recommends bid from its largest shareholder"

5.2 ?

 

[Odds]

£3.57 billion, it says in the Graun. Did the Czech bounce?

 

[JohnD]

FT says


" Ivan Levingston and Oliver Telling in London
35 MINUTES AGO


Czech billionaire Daniel Křetínský has agreed to buy the owner of Royal Mail in a deal valuing the former UK postal monopoly at £5.2bn, as he pledged to revive the group’s fortunes away from the glare of public markets.

Křetínský’s EP Group has agreed to pay 370 pence a share for International Distribution Services, the London-listed parent company of Royal Mail.

Including IDS’s debt, the deal values the group at £5.2bn.

EP Group and IDS have spent the past few weeks hammering out the details of a deal for one of the UK’s best-known companies, which since privatisation has been beset by strikes and the burden of having to deliver letters at a set price across the country."

 

[motorbiking]

What stops it being replaced? 3.5bn seems a bit expensive. Good selling and great for the employee share holders.