Royal Mail owner warns Czech billionaireβs offer could create risk around finances
IDS says a change in ownership may lead to βmaterial uncertaintyβ over the companyβs future
Royal Mailβs owner has warned that a potential Β£3.5bn bid by the Czech billionaire Daniel KΕetΓnskΓ½ could create risk around the companyβs finances.
The warning came as the industry regulator Ofcom announced that it had opened an investigation into the parent group, International Distributions Services (IDS), for failing to meet its annual delivery targets for the second year in a row. Last year, Ofcom fined the company Β£5.6m for failing to meet its first-class and second-class delivery targets in 2022-23.
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