{"id":9807,"date":"2024-12-17T11:02:12","date_gmt":"2024-12-17T18:02:12","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=9807"},"modified":"2024-12-17T11:02:12","modified_gmt":"2024-12-17T18:02:12","slug":"uk-government-approves-sale-of-royal-mail-to-czech-billionaire-daniel-kretinsky","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2024\/12\/17\/uk-government-approves-sale-of-royal-mail-to-czech-billionaire-daniel-kretinsky\/","title":{"rendered":"UK Government Approves Sale of Royal Mail to Czech Billionaire Daniel K\u0159et\u00ednsk\u00fd"},"content":{"rendered":"\n

This is of interest because I just saw a report of Trump wanting to privatize the U.S. Postal Service<\/a>. And with the current postal service wanting to move mail processing out of Wyoming to Colorado and Montana, vote tampering comes to mind. We don’t mail our absentee ballots as our election office has a drop box outside the door under video surveillance, but you have to wonder about ballots moving through the mail, especially if it becomes privatized to OCGFC members, Owners and Controllers of Global Financialized Capital, or investment funds under their control.<\/p>\n\n\n\n

https:\/\/rmx.news\/article\/uk-government-approves-sale-of-ro<\/a>y<\/a>al-mail-to-czech-billionaire-daniel-kretinsky\/<\/a><\/p>\n\n\n

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The British government has approved the \u00a33.6 billion sale of Royal Mail’s parent company, IDS, to Czech billionaire Daniel K\u0159et\u00ednsk\u00fd’s EP Group, under strict conditions to preserve its legacy, national significance, and workers’ rights<\/h5>\n\n\n\n
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London, United Kingdom – July 3 2016: Small English village Post Office with shop and red pillar post box. (Shutterstock)<\/figcaption><\/figure>\n\n\n\n

By Thomas Brooke<\/p>\n\n\n\n

The British government has approved the \u00a33.6 billion (\u20ac4.34 billion) sale of International Distribution Services (IDS), the parent company of Royal Mail, to EP Group, owned by Czech billionaire Daniel K\u0159et\u00ednsk\u00fd.<\/p>\n\n\n\n

The decision, announced on Monday by IDS on the London Stock Exchange, makes K\u0159et\u00ednsk\u00fd the new owner of the historic Royal Mail after 500 years of British ownership.<\/p>\n\n\n\n

The government will retain a \u201cgolden share\u201d in the company, ensuring its control over key decisions, such as changes to ownership, tax residency, or the headquarters location.<\/p>\n\n\n\n

Royal Mail, which employs over 150,000 people, will continue operating under strict conditions agreed upon by EP Group. These include maintaining its Universal Service Obligation (USO), which guarantees letter delivery six days a week and parcel delivery Monday to Friday across the U.K. at a standard price.<\/p>\n\n\n\n

Additionally, the agreement ensures that Royal Mail\u2019s brand, headquarters, and tax residency will remain in the U.K. for at least five years. Workers will also benefit, with a commitment to allocate 10 percent of dividends paid to K\u0159et\u00ednsk\u00fd to employees, alongside the establishment of a worker\u2019s council to provide staff with a stronger voice in the company\u2019s operations.<\/p>\n\n\n\n

Daniel K\u0159et\u00ednsk\u00fd, who has held a 27.5 percent stake in IDS since 2022, emphasized EP Group\u2019s long-term commitment to preserving Royal Mail\u2019s legacy while modernizing its operations. \u201cEP Group is a long-term and committed investor with a mission to make Royal Mail a successful modern postal operator with high-quality service and products for its customers,\u201d K\u0159et\u00ednsk\u00fd said. He also acknowledged the historical significance of Royal Mail, stating he holds \u201cmaximum respect\u201d for its tradition.<\/p>\n\n\n\n

The acquisition was reviewed under national security laws due to Royal Mail\u2019s status as critical national infrastructure due to K\u0159et\u00ednsk\u00fd\u2019s involvement in a gas transmission service that continues to transport reduced volumes of Russian gas to Europe under EU-approved terms.<\/p>\n\n\n\n

The acquisition adds to K\u0159et\u00ednsk\u00fd\u2019s growing portfolio in the U.K., which includes a 27 percent stake in West Ham United Football Club and a 10 percent share in Sainsbury\u2019s.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is of interest because I just saw a report of Trump wanting to privatize the U.S. Postal Service. And with the current postal service wanting to move mail processing out of Wyoming to Colorado and Montana, vote tampering comes to mind. We don’t mail our absentee ballots as our election office has a drop […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-9807","post","type-post","status-publish","format-standard","hentry","category-world"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/9807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=9807"}],"version-history":[{"count":1,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/9807\/revisions"}],"predecessor-version":[{"id":9808,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/9807\/revisions\/9808"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=9807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=9807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=9807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}