IN BRIEF: Kretinsky confirms intentions for Royal Mail after IDS buy
International Distributions Services PLC - London-based letter and package carrier and owner of Royal Mail, Parcelforce and General Logistics Systems - EP Corporate Group AS and J&T Capital Partners AS have 30.9% acceptances for their GBP3.57 billion takeover offer for IDS, to which the IDS board agreed back in May. EP Corporate is the vehicle of billionaire Czech businessman Daniel Kretinsky. The acceptances are comprised of the 27.56% stake already held by the bidders and acceptances by other shareholders for 3.37%. Read More