Tag Archives: Czech Billionaire

Royal Mail Buyout Bid Rejected, But Czech Billionaire Eyes Next Move

Royal Mail Buyout Bid Rejected, But Czech Billionaire Eyes Next Move

London, England – A potential shake-up for Royal Mail is afoot, with the company’s owner, International Distribution Services (IDS), rejecting a takeover bid from its biggest shareholder. However, the story doesn’t end there, as the plot thickens with the potential for a renewed offer. Czech billionaire Daniel Kretinsky, already holding a hefty 27.5% stake in IDS, made a cash offer …

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