New Křetínský bid creates headache for UK government amid growing scrutiny on foreign takeovers of critical infrastructure
The owner of Royal Mail has backed a £3.5bn offer for the postal company from a Czech billionaire after he sweetened the value of his planned 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, the part-owner of West Ham United whose company, EP Group, is the postal service’s shareholder.
Continue reading…New Křetínský bid creates headache for UK government amid growing scrutiny on foreign takeovers of critical infrastructureThe owner of Royal Mail has backed a £3.5bn offer for the postal company from a Czech billionaire after he sweetened the value of his planned 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, the part-owner of West Ham United whose company, EP Group, is the postal service’s shareholder. Continue reading…