Royal Mail: Analysts bet Kretinsky £3.5bn takeover is blocked despite board OK
Royal Mail owner IDS has given the OK to a higher offer from 'Czech Sphinx' Daniel Kretinsky, with a host of safeguards now in place
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Royal Mail owner IDS has given the OK to a higher offer from 'Czech Sphinx' Daniel Kretinsky, with a host of safeguards now in place
While it is true the Royal Mail deal may face some regulatory resistance, the alternative situation may be worse for the next government.
If regulators approve the deal, the British institution will fall into the hands of Daniel Kretinsky, who made a fortune by investing in fossil fuels when energy companies began unloading dirty assets
Shares in Royal Mail-owner International Distribution Services rose 13.8p, or 4.3%, to 335p on the announcement - short of the 370p offer price.
British Airways owner IAG will report its first quarter results on Friday as investor scepticism grows over its latest attempt to purchase Spanish carrier Air Europa.