Royal Mail owner received takeover offer from Czech billionaire
by Alex Lawson from World news | The Guardian on (#6M4SM)
IDS shares rise after reports that it rejected bid from Daniel Ketinsky's EP Group
The owner of Royal Mail received a 3bn takeover offer from a Czech billionaire who has stakes in Sainsbury's and West Ham United football club. Daniel Ketinsky approached International Distributions Services (IDS), the owner of the struggling British postal company, this month.
In a statement, Ketinsky's EP Group said the proposal, made on 9 April, was rejected by IDS but that it looks forward to continuing to engage constructively with the board".
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