Czech billionaires are making Europe their Rodeo Drive. Křetínský buys the British Royal Mail in a historic transaction

Czech billionaires are making Europe their Rodeo Drive.  Křetínský buys the British Royal Mail in a historic transaction

Daniel Křetínský transaction feedback saying that he’s conscious that the British Royal Mail has been an intrinsic a part of British society for a whole lot of years.

“The EP Group has large respect for the historical past and custom of Royal Mail and I do know that proudly owning this enterprise will convey with it an enormous duty – not solely to the workers but additionally to the residents who depend on its providers daily. The vary of commitments we provide to society and the UK authorities displays how severely we take this duty, for the advantage of IDS staff, union representatives and all different stakeholders,” says Křetínský.

The Czech businessman provides that 4 years in the past he acknowledged Royal Mail’s “potential to turn out to be one of many largest postal logistics teams in Europe”.

Nonetheless, the corporate wants appropriate circumstances for this. “We are going to help the corporate within the subsequent important part of its transformation and within the years to come back and supply it with our expertise and monetary resilience to help its administration,” concludes Křetínský.

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