Royal Mail ‘minded’ to accept multi billion pound takeover by Czech billionaire


The owner of Royal Mail has said it is “minded” to accept a revised takeover bid by Czech billionaire Daniel Kretinsky.

The latest offer from Mr Kretinsky’s investment firm EP Group values the Royal Mail parent company International Distribution Services (IDS) at £3.5bn.

An earlier offer had been rejected last month as being too low.

Mr Kretinsky’s firm already owns most of IDS as a 27.6% shareholder but wishes to buy the remaining shares.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Articles You May Like

Here’s how the new EU tariffs will impact Chinese EV makers like BYD and NIO
In the marginal seat of North East Fife, it’s all to play for in the general election
Biden appears to freeze for several seconds at White House event
Tesla will allow ‘one-time’ FSD transfer for one more quarter, says Musk
What the polls tell us about what will happen on general election day