Royal Mail set to get first foreign owner after parent company approves takeover bid from Czech billionaire

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 186%
  • Publisher: 92%

Canadian News Noticias

Canada News,Breaking News Video,Canadian Breaking News

If regulators approve the deal, the British institution will fall into the hands of Daniel Křetínský, who made a fortune by investing in fossil fuels when energy companies began unloading dirty assets

It was established by King Henry VIII to send messages to members of the royal court, and now, for the first time in its 508-year history, Britain’s Royal Mail is on track to have a foreign owner.

Over the past decade, as energy companies began unloading dirty assets to cut down on carbon emissions, his company, Energetický a průmyslový holding, or EPH, went on a buying spree. EPH has accumulated US$17-billion worth of assets and now owns one of Europe’s largest collections of coal-fired power plants, as well as a pipeline that brings Russian gas to Western Europe.

He has since gone on to acquire interests in companies as varied as West Ham United soccer team, British grocery store chain Sainsbury’s and French grocer Casino. By contrast, IDS’s international parcel delivery arm, General Logistic Systems, or GLS, has fared much better, and there has been speculation that Mr. Křetínský might merge it with a Dutch parcel service, PostNL, that he partially owns. GLS delivers packages across Europe and North America and reported an operating profit of £320-million last year.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 5. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Royal Mail Owner Quizzed on Kretinsky Bid by Business SecretaryThe head of Royal Mail’s parent company is meeting UK Business Secretary Kemi Badenoch Thursday after it welcomed a £3.5 billion ($4.4 billion) takeover bid from billionaire shareholder Daniel Kretinsky.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »