{"id":99829,"date":"2024-12-17T12:10:00","date_gmt":"2024-12-17T12:10:00","guid":{"rendered":"https:\/\/en.econostrum.info\/?p=99829"},"modified":"2024-12-17T11:46:40","modified_gmt":"2024-12-17T11:46:40","slug":"future-royal-mail-5-promises-to-protect-worker","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/future-royal-mail-5-promises-to-protect-worker\/","title":{"rendered":"Royal Mail’s \u00a33.6 Billion Takeover: How Kretinsky\u2019s Deal Will Impact Workers and Services"},"content":{"rendered":"\n

Royal Mail<\/strong>, a cornerstone<\/strong> of the British postal service<\/strong> for over 500 years<\/strong>, is facing a historic change<\/strong>. With the government approving<\/strong> a foreign investor’s takeover<\/strong>, questions arise<\/strong> about its future<\/strong>, the assurances<\/strong> in place, and the impact<\/strong> on thousands of workers<\/strong>. Here, we examine the key details<\/strong> of this unprecedented shift<\/strong>.<\/p>\n\n\n\n

Daniel Kretinsky : The Investor Behind the Deal<\/strong><\/h2>\n\n\n\n

Daniel Kretinsky, known as the \u201cCzech Sphinx,\u201d<\/strong> is a billionaire investor with growing influence in the UK. He holds a 27% stake<\/strong> in IDS<\/strong>, Royal Mail’s parent company, and has notable interests in West Ham United Football Club<\/strong> and Sainsbury\u2019s<\/strong>. Kretinsky\u2019s investment vehicle, Vesa Equity Investment<\/strong>, is leading the \u00a33.6 billion acquisition<\/strong>, following scrutiny by the UK Government<\/strong>.<\/p>\n\n\n\n

Royal Mail\u2019s availability for foreign takeover has been shaped by significant milestones over the past decade, transitioning it from a public institution<\/strong> to a fully privatised company<\/strong>.<\/p>\n\n\n\n