Royal Mail Set for Ownership Change as Daniel Kretinsky Reveals £3.5 Billion Offer

Royal Mail Set for Ownership Change as Daniel Kretinsky Reveals £3.5 Billion Offer

Czech billionaire Daniel Kretinsky is on the brink of acquiring Royal Mail after presenting a revised £3.5 billion offer through his company.

Known for his vast investments in the UK, including a significant stake in West Ham and Sainsbury’s, Kretinsky’s bid for the national postal service has stirred up debate.

The ‘Czech Sphinx’ and His Investments

With the nickname ‘Czech Sphinx’ due to his enigmatic persona, Kretinsky has made substantial investments across various sectors, amassing a fortune estimated at $7 billion.

His interests span energy, media, telecoms, and football, reflecting his diverse portfolio.

A Glimpse into Kretinsky’s Private Life

While Kretinsky keeps a low profile, his personal life has garnered attention, particularly his relationship with 27-year-old showjumper Anna Kellnerova.

The majority of his wealth originates from his control of energy giant EPH, which operates power plants across the UK.

Reassurances Amidst Foreign Takeover Concerns

Kretinsky’s bid for Royal Mail has raised concerns, prompting reassurances from his EP Group regarding the company’s future.

Commitments include maintaining first-class letter deliveries, protecting workers’ rights, and preserving the Royal Mail brand and its UK presence.

Extended Deadline and Political Response

With the City Takeover Panel extending the deadline for Kretinsky’s offer, political figures like Labour’s shadow business secretary Jonathan Reynolds have voiced concerns.

Reynolds emphasizes the need for safeguards to protect Royal Mail’s British identity and public significance.

Controversy Surrounding Kretinsky’s Investments

Kretinsky’s previous investments in Royal Mail’s parent company, International Distributions Services (IDS), have faced scrutiny, especially regarding national security implications.

Despite government reviews, interventions have not been made regarding his shareholding.

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