The owner of Britain's Royal Mail, International Distribution Services (IDS), has agreed to a takeover proposal from Czech billionaire Daniel Kretinsky. The deal, valued at £3.57 billion ($4.55 billion), will see Kretinsky's EP Group acquire the historic 500-year-old postal service. The acquisition will be financed through a combination of debt and equity. The Royal Mail has been struggling financially, and this takeover is seen as a significant move in its efforts to stabilize and grow. Shares of IDS rose following the announcement, although not to the full deal price. The deal has sparked some debate, with objections from figures like Dave Ward, General Secretary of the Communication Workers Union, who declared it a matter of national interest.
Royal Mail owner agrees to £3.57bn takeover by Czech billionaire https://t.co/OVZw2zv7rM
#NDTVWorld | All About Czech Billionaire Daniel Kretinsky, Who Took Over UK's Royal Mail https://t.co/KHCoP3B3EY https://t.co/foxRo2jP9T
TG: Royal Mail owner agrees to £3.57bn takeover by Czech billionaire #logistics https://t.co/S6m6dXJbJT
The more than 500-year-old postal service, Britain's Royal Mail owner has agreed to a $4.55 billion takeover by Czech billionaire https://t.co/W5UjHKNnkY https://t.co/dS7yyexoEp
⚠️ CZECH BILLIONAIRE KRETINSKY: **GLS WOULD BE LOGICAL PLATFORM FOR POTENTIAL FURTHER ACQUISITIONS IN CONTINENTAL EUROPE **ROYAL MAIL, GLS NEED SIZEABLE, ALMOST IMMEDIATE INVESTMENTS INTO INFRASTRUCTURE ** GROUP MUST FOCUS ON AVOIDING LOSING MARKET SHARE, UK MARKET SHARE…
Royal Mail set to get first foreign owner after parent company approves takeover bid from Czech billionaire https://t.co/9qsDeYvBLU
WATCH: The more than 500-year-old postal service, Britain's Royal Mail owner has agreed to a $4.55 billion takeover by Czech billionaire https://t.co/Z5bHoQBD42 https://t.co/0VcvRSsJv4
Billionaire Daniel Kretinsky to finance buyout of Royal Mail owner through a combination of debt and equity in the billions. #RoyalMail #DanielKretinsky #Buyout.
Czech billionaire Daniel Kretinsky plans to fund the takeover of Royal Mail's owner with both equity and debt https://t.co/uEv6btQWKm
IDS rises after Royal Mail owner agrees to takeover by Czech billionaire Kretinsky https://t.co/rW9N1braYw https://t.co/hgyk7R8DR9
Daniel Kretinsky is on the cusp of becoming the new man in charge of the Royal Mail https://t.co/csqsYrpEo9
The owner of Royal Mail said it has agreed to a £3.57 billion takeover offer from Czech billionaire Daniel Kretinsky’s EP Group @ITVJoel is in central London discussing whether this is a done deal https://t.co/i7GNPsyjII https://t.co/4THchUyovo
The owner of Britain's Royal Mail has agreed to a $4.55 billion takeover by Czech billionaire Daniel Kretinsky in a take-private deal of one of the world's oldest postal firms https://t.co/W5UjHKNnkY https://t.co/HtR3frQCLc
WATCH: The owner of Britain's Royal Mail has agreed to a $4.55 billion takeover by Czech billionaire Daniel Kretinsky in a take-private deal of one of the world's oldest postal firms https://t.co/Z5bHoQB5eu https://t.co/hK0Vz06v1P
Royal Mail deal defies nationalist anti-M&A trend - https://t.co/C8p1AoVFGx - @ywchen1 https://t.co/I6e1KFVzK0
As the owner of Royal Mail accepts a takeover bid worth £5bn, Chris Blackhurst takes a closer look at the Czech billionaires armed with cheques who are taking over some of our biggest national institutions https://t.co/W83iKZaiiU
Just in🔥 The owners of Royal Mail have agreed to a multi-billion pound takeover bid by Czech born billionaire Daniel Kretinsky. The company's parent firm International Distribution Services (IDS) said its board of directors had approved the deal after a formal offer was made… https://t.co/hx7QNRd4KM
‘This should be a debate of national interest!' General Secretary of the Communication Workers Union, Dave Ward, declares his objection to Royal Mail accepting a £3.57 billion bid to be taken over by Czech billionaire Daniel Kretinsky. https://t.co/jcvzKNMUcm
Czech billionaire to acquire Royal Mail for £3.57 billion https://t.co/n4JviIMrIn https://t.co/4UX22w5IuB
Owner of UK's Royal Mail says it has accepted a takeover offer from a Czech billionaire https://t.co/nRreLc8cmf
Royal Mail owner accepts Czech billionaire’s takeover https://t.co/PwZMTS16K7
Royal Mail bought by Czech billionaire for £3.57bn https://t.co/Vco45x9zuX
🔴 Royal Mail will be taken over by a Czech billionaire after it accepted a £3.5bn takeover offer Find out more⬇️ https://t.co/EQHF5zCkHZ https://t.co/1rBfcnayqM
Royal Mail shares rise, but not to deal price, after agreed takeover bid https://t.co/p74vy00sOx
Royal Mail owner accepts £3.57bn takeover offer from Czech billionaire https://t.co/JUOxkZIyUO
What went wrong for Royal Mail? How cuts to delivery days, second-class post and closed collection offices has left Britain missing critical hospital appointments, without birthday cards and Christmas gifts - as £3.57bn Czech takeover confirmed https://t.co/YFSJjzoYl0 https://t.co/HD9rFboVnu
Royal Mail owner accepts £3.5bn takeover bid from Czech billionaire https://t.co/ZyeRIz9TTd
Britain's 500-year-old Royal Mail has been bought by a Czech billionaire https://t.co/KKOL7HNKwA
Royal Mail owner International Distribution Services said it has agreed to a £3.57 billion takeover offer from Czech billionaire Daniel Kretinsky’s EP Group ✍: Alex Daniel https://t.co/XkJEs234Wb
Royal Mail owner agrees takeover by billionaire Kretinsky, and BHP asks for more time as Anglo deadline nears -- get briefed ahead of your morning calls with The London Rush https://t.co/TBmcjV6PCU
The board of the company that owns Royal Mail has agreed to a formal takeover offer for the 500-year-old organisation. On #BBCBreakfast Ben Boulos had more details on the bid from Czech billionaire Daniel Kretinsky https://t.co/NmncsuJQVI https://t.co/N242jWghri
The Czech is in the post. Royal Mail is another disastrous privatisation.
Royal Mail owner agrees to $4.6 bln takeover by Czech billionaire Kretinsky https://t.co/RWGBBer8DP https://t.co/Dkc1cF9OFV
Royal Mail owner agrees to £3.57bn takeover by Czech billionaire https://t.co/csSCMPJS6g
Royal Mail owner approves £3.5bn takeover deal with Czech billionaire https://t.co/E9ixwFOb6X
BREAKING: Royal Mail owner agrees to £3.6bn takeover by 'Czech Sphinx' https://t.co/DH9aOLPomm
Royal Mail owners agree to £3.5bn takeover offer from Czech billionaire Daniel Kretinsky https://t.co/h18qulPyzF
Royal Mail announces it has been bought for £3.57 billion by Czech billionaire Daniel Kretinsky's EP Group https://t.co/4X4LqvzXYe https://t.co/kBPMvAv3L1
#BREAKING The owner of Britain's struggling Royal Mail said Wednesday it had accepted a takeover proposal from Czech billionaire Daniel Kretinsky worth £3.6 billion ($4.6 billion) https://t.co/fPaPgERKkL
BREAKING: The board of Royal Mail owner International Distribution Services said it has agreed to a £3.57 billion takeover offer from Czech billionaire Daniel Kretinsky’s EP Group. https://t.co/fBrdPBgEet
Royal Mail Owner IDS Agrees to $4.6 Billion EP Takeover https://t.co/BvvAd18aqm
BREAKING: Royal Mail has agreed to a £3.5 billion takeover offer from Czech billionaire Daniel Kretinsky. https://t.co/NmncsuJQVI
🇬🇧 Royal Mail poised to accept £3.5bn takeover by Czech billionaire https://t.co/QBWrQA7jww
The parent company of Royal Mail agrees to a £3.5 billion takeover by Czech billionaire Daniel Kretinsky https://t.co/bgjkTxWeBY
Kretinsky poised to make firm offer for Royal Mail owner, source says https://t.co/GlsXEzM5tv https://t.co/Y75F5tV4SM
📬 Royal Mail poised to accept £3.5bn takeover by Czech billionaire https://t.co/1HAXJeevTe
"Royal Mail poised to accept £3.5bn takeover by Czech billionaire "Postal service moves step closer to foreign ownership for first time in 500-year history" https://t.co/GQy80abFo0
Royal Mail poised to accept £3.5bn takeover by Czech billionaire https://t.co/1HPHeKOrXU
⚠️ KRETINSKY POISED TO MAKE FIRM OFFER FOR ROYAL MAIL OWNER, SOURCE SAYS ** INTERNATIONAL DISTRIBUTION SERVICES SET TO RECOMMEND KRETINSKY OFFER, SOURCE SAYS **INTERNATIONAL DISTRIBUTION SERVICES, KRETINSKY REPRESENTATIVE DECLINED TO COMMENT
Royal Mail owners to back £5bn takeover offer https://t.co/SOinYTYeeE
Royal Mail shareholders braced for final takeover offers https://t.co/Ue3PCdeLoS
Royal Mail owner warns offer from Czech billionaire could put firm at risk https://t.co/6BdfSzprhm