Czech billionaire cleared to swoop on Royal Mail
Daniel Kretinsky controls 22 per cent of Royal Mail parent company International Distributions Services (IDS) through his vehicle Vesa Equity.
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Daniel Kretinsky controls 22 per cent of Royal Mail parent company International Distributions Services (IDS) through his vehicle Vesa Equity.
There has been speculation Kretinsky may try to buy Royal Mail or force it to spin off its £4billion European parcel business GLS.
Daniel Kretinsky watched the value of his stakes in the two companies top £1.3billion as their stock hit highs not seen for years. Shares in both firms have found new life since the Czech arrived.
Few shoppers in Sainsbury’s will have heard of Daniel Kretinsky. Yet the Prague-based billionaire, nicknamed the “Czech Sphinx” because of his enigmatic nature, has quickly made a name for himself in