Royal Mail Accepts $4.6 Billion Takeover Bid from Czech Billionaire, Marking the First Foreign Owner in Its 500-Year History from shareholders equity 英語 Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:39 👁 View: 310K times ✓ Published: 30-May-2024
Description: The owner of the UK's Royal Mail postal service has accepted a $4.6 billion takeover bid from Czech billionaire Daniel Kretínsky. This would mark the first time Royal Mail, which was founded over 500 years ago, has been sold to foreign ownership. Kretínsky private equity firm is already the largest shareholder in Royal Mail with a 27.6% stake. Royal Mail has struggled financially in recent years, recording losses amid declining mail volumes. Kretínsky owns energy companies, retailers, and soccer club West Ham United, with a net worth of $7.7 billion.