Royal mail3 May 2020 11:29
03/05/20 Czech billionaire launches raid on Royal Mail, buying more than 5% of postal service
The swoop by Daniel Kretinsky, who has also recently snapped up stakes in other major European companies, will stoke speculation he could launch a full takeover bid.
Kretinsky – worth a reported £2.7 billion – has bought a 5.35 per cent stake in Royal Mail worth £85 million through the Vesa Equity Investment vehicle that he controls and co-owns with his Slovak business partner Patrik Tkac, the chairman of Czech bank J&T.