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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
It leaves Kretinsky, who submitted a revised offer over the weekend proposing the equity injection, as the only bidder. The cash injection plan would lead to a 4.7 billion-euro reduction in overall debt, Casino said. Casino is saddled with net debt of 6.4 billion euros and is teetering on the brink of default. The board meeting followed a separate meeting between Casino's creditors and CIRI - France's finance ministry body that helps distressed companies and their creditors draw up restructuring plans. Kretinsky and Ladreit de Lacharriere would control the investment vehicle behind the 1.2 billion-euro equity injection, a source said.
Persons: Daniel Kretinsky, Kretinsky's, Xavier Niel, Jean, Charles Naouri, Kretinsky, Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Casino, Marc Ladreit de, Ladreit, Mathieu Rosemain, Mike Harrison, Rosalba O'Brien Organizations: Casino, 3F, Attestor, French, Monde, Fnac, Metro, Forbes, Thomson Locations: Czech, PARIS, French, Paris, Casino, Britain, France, Germany
PARIS, March 1 (Reuters) - French technology consultancy Atos (ATOS.PA) is in talks with Czech businessman Daniel Kretinsky about the possible sale of its Tech Foundations business, Le Monde reported on Wednesday. According to our information, the management is also talking with Daniel Kretinsky ... who for his part is interested in the group's historic business of IT services Tech Foundations," the French newspaper said. Kretinsky holds a minority stake in Le Monde. Spokespeople for Kretinsky and Atos declined to comment. In October, Atos said it had been approached by several players interested in buying Tech Foundations, which groups activities the company defines as approaching maturity, such as data centres and business process outsourcing.
Constructorul francez Citroën a lansat în acest an modelul Ami, care este încadrat drept un cvadriciclu și care poate fi condus fără permis, scrie The Guardian. Vehiculul de două locuri este un cub pe roți, realizat din polipropilenă, adică un plastic mai dur, și seamănă cu o jucărie. Reacțiile pe care le adună variază de la râsete la invidie și întrebări de unde poate fi procurat, notează libertatea.ro. Nu e mașină, ci ”obiect de mobilitate urbană” Dar entuziasmul vine tocmai de la faptul că nu este o mașină, continuă publicația citată. Potrivit datelor producătorului, aproape jumătate dintre cumpărători au deja o mașină și doi copii.
Persons: Ami Organizations: Citroën, Guardian Locations: polipropilenă, Franța
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