Daniel Kretinsky already has a raft of investments, including stakes in London football club West Ham United and supermarket giant Sainsbury's.
owner has said it would be “minded” to agree a takeover by shareholder Daniel Kretinsky after the Czech billionaire put forward a higher proposed bid worth around £3.5 billion.
But any deal to buy IDS would face intense political and public scrutiny, given the importance of Royal Mail and the postal service. This would include commitments to Royal Mail’s plans to keep six-day-a-week first class letter deliveries under the universal service, protect workers’ rights and keep the Royal Mail brand, as well as its UK headquarters and tax residence.
IDS said it was minded to agree to a deal on the terms and price in the proposal, should a firm bid be made. Shares in IDS surged another 18% in Wednesday mid-afternoon trading, having already soared higher after the firm revealed last month it had rejected an initial approach from Mr Kretinsky.
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