DIRS.INFO The most relevant business & tech news

☆ Royal Mail: Meet Czech billionaire Daniel Křetínský who wants to buy Britain’s postal service
▼ + stars: | 2024-05-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

It has been operating a postal service in England since the reign of Henry VIII. EP Group has until May 29 to convert its £3.5 billion ($4.4 billion) non-biding offer into a formal bid for IDS. The likely sale would come after a difficult few years for Royal Mail, which was privatized in 2013. ‘As British as it gets’The potential buyout of Royal Mail has stirred anxieties about the consequences of the iconic British institution coming under foreign ownership. “Royal Mail is an important national asset that would benefit from being able to take a longer-term view,” the firm said.

Persons: Henry VIII, Daniel Křetínský, Křetínský, Patrik Tkáč, Rishi Sunak, Kemi Badenoch, Dave Ward, ”, ” Ward, Jonathan Reynolds, ” Ivana Kottasová Organizations: London CNN — Royal Mail, Distribution Services, IDS, Royal Mail, UK Department for Business, Trade, CNN, Bloomberg, Equity Investment, Newsweek, West Ham United Football Club, Reuters, Communication Workers Union, Labour Party, Royal, Labour Locations: England, Czech, British, United States, FNAC, France, United Kingdom, West

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. As a result of the impairment, Thyssenkrupp, which has been trying to divest its steel division for several years, posted a 2-billion-euro net loss for the fourth quarter. Shares of the company, which proposed a stable dividend of 0.15 euros apiece, were indicated to open 1.8% lower in pre-market trade. Thyssenkrupp - which apart from steel builds submarines, car parts and operates a large materials trading business - said it was in constructive and open-ended talks with EPH about a potential steel joint venture. EPH, controlled by Czech billionaire Daniel Kretinsky, would support Thyssenkrupp Steel Europe with its energy expertise in any joint venture, the company said.

Persons: Wolfgang Rattay, Miguel Lopez, Daniel Kretinsky, Thyssenkrupp, Christoph Steitz, Tom Kaeckenhoff, Sandra Maler, Miranda Murray, Sherry Jacob, Phillips Organizations: REUTERS, Wednesday, EPH, Thyssenkrupp Steel, Thomson Locations: Duisburg, Germany, FRANKFURT, DUESSELDORF, Czech, Europe

Pressure gauges, pipes and valves are pictured at an "Dashava" underground gas storage facility near Striy, Ukraine May 28, 2015. The bloc is expected to reach a target of filling its storage facilities to 90% full by Nov. 1. "EP Commodities transports natural gas to Ukraine and uses Ukrainian gas storage facilities," Miroslav Hasko, chairman at EPH's EP Commodities, said. EU countries' gas storage facilities were 87% full on Aug. 7, according to transparency platform GIE. "We consider gas storage in Ukraine as one of the interesting business opportunities that we are currently considering," SPP told Reuters.

Persons: Gleb Garanich, Miroslav Hasko, Naftotgaz, Martin Pich, Bruegel, Jan Lopatka, Marek Strzelelcki, Pavel Polityuk, Barbara Lewis Organizations: REUTERS, European Union, Traders, Gas, Reuters, Commodities, Naftogaz, Thomson Locations: Striy, Ukraine, PRAGUE, WARSAW, Czech, Slovakia, Russia, Hungary, Poland, Kyiv

☆ UK will not take action over Czech mogul's plan to raise Royal Mail stake
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 31 (Reuters) - Britain is no longer intervening in Czech billionaire Daniel Kretinsky's plan to increase his stake in Royal Mail parent International Distributions Services (IDSI.L), sending the company's shares up more than 7% on Monday. In August, Royal Mail said it had been notified by then business minister Kwasi Kwarteng that he was exercising powers to look into proposals by Kretinsky's vehicle, Vesa Equity Investment, under the National Security and Investment Act. The Royal Mail review came days after the government decided not to take action over billionaire Patrick Drahi's stake in telecoms firm BT (BT.L). Vesa, Royal Mail's biggest shareholder which is ultimately controlled by Kretinsky and his business partner Patrik Tkac, in August said it had voluntarily contacted the government to inform them of its intention to increase its stake in Royal Mail, which is currently just over 22%. "Vesa Equity Investment welcomes the decision ... and reiterate our commitment to continuing long term investment presence in the U.K., including our partnership with Royal Mail," a spokesperson said.

☆ Germany's Leag eyes 1,000 MW solar park in renewables expansion
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

Companies U-Leag Co Ltd FollowFRANKFURT, Sept 29 (Reuters) - German brown coal miner and power generator Leag unveiled plans on Thursday to build a 1,000 megawatt (MW) solar park that could open in early 2026, as it looks to expand in renewable energy. Register now for FREE unlimited access to Reuters.com Register"Lusatia will become a magnet for consumer industries of green power." All going well, a doubling of green capacity to 14 GW by 2040 is conceivable, the company said. The 1,000 MW plant could supply power for around 300,000 households. Germany still aims to end coal power generation by 2038.

Search resuls for: "EPH"

5 mentions found