As keepers of the flame of free market capitalism, one can understand government's reluctance to become involved in takeovers.
THE Czech billionaire trying to buy Royal Mail will face a national security review, the Chancellor confirmed yesterday, amid concerns about the takeover. Daniel Kretinsky this week made a sweetene
Royal Mail’s owner International Distribution Services is ‘minded’ to agree a takeover by shareholder Daniel Kretinsky.
ROYAL MAIL is ready to accept a sweetened £3.5billion takeover bid from Czech billionaire Daniel Kretinsky — after he pledged to protect workers and pensions. His commitments are designed to sooth
Czech billionaire Daniel Kretinsky, who is currently trying to buy Royal Mail owner International Distribution Services (IDS), saw his net worth rise by £2bn over the last year.
Amid mounting fears over what the proposed takeover by a Czech billionaire will mean, the Business Secretary held crunch talks with the 508-year-old postal service.
In a move that sent shockwaves through the City and Westminster, the board of its parent company backed a £3.5billion takeover offer from a billionaire dubbed the 'Czech Sphinx'.
The alleged leader's identity was revealed following the dramatic seizure of the criminal gang's infrastructure in February, and Khoroshev now faces asset freezes and travel bans.
Chancellor Jeremy Hunt said the Government would examine 'risks' posed by Daniel Kretinsky's offer for the British institution.
The mogul - known as the Czech Sphinx - had until 5pm today to walk away or make a bid for International Distributions Services (IDS).
Known as the 'Czech Sphinx' for his inscrutable manner, the 48-year-old already has substantial investments in the UK, including a 27 per cent stake in West Ham.
The British royal family has fallen on hard times in recent weeks due to