JP Morgan and Goldman Sachs are playing crucial advisory roles in EP Group’s acquisition of the remaining 72.4% stake in International Distribution Services (IDS), Royal Mail’s parent company, for £3.6 billion.
This acquisition emphasizes Royal Mail’s significant role in the UK’s infrastructure and society, a sentiment echoed by Daniel Křetínský, EP Group’s founder. The boards of EP UK Bidco Limited (Bidco) and IDS have agreed on the terms for a recommended cash offer. VESA Equity Investment, which already holds 27.6% of IDS, will continue its involvement. Each IDS shareholder will receive 370 pence per
Continue with Facebook Continue with Google