Royal Mail-owner IDS says Czech billionaire bidder would seek to protect ‘public interest’
By Jon Menon ( May 15, 2024, 16:10 GMT | Insight) -- Royal Mail owner International Distributions Services said a potential acquirer would provide contractual undertakings to protect the “public interest” and the company’s position as a key part of the national infrastructure. IDS Chairman Keith Williams said today that the London-based company is “minded to recommend” a possible 3.5 billion-pound bid from EP Corporate Group, controlled by Czech billionaire and lawyer Daniel Křetínský.Royal Mail owner International Distributions Services said a potential acquirer would provide contractual undertakings to protect the “public interest” and the company’s position as a key part of the national infrastructure....
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