postoffice
The owner of Royal Mail confirmed on Wednesday that it had accepted a £3.6 billion ($4.6 billion) takeover offer from the Czech investor, Daniel Křetínský. Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt, the deal values IDS at £5.2 billion ($6.6 billion). It said EP Group would offer a series of “contractual commitments and intentions” to protect public service aspects of the 500-year-old postal service. Long state-owned, Royal Mail was privatised by the U.K.’s Conservative government in...
Euronews (English)
Domestic flights will no longer be used to transport letters by Germany’s national postal carrier. The move from Deutsche Post reflects the declining significance of letter mail and allows it to improve its climate footprint. After 63 years, the last planes carrying letters between northern and southern Germany, operated by Lufthansa unit Eurowings and Tui Fly, flew overnight on 28 March on the Stuttgart-Berlin, Hannover-Munich and Hannover-Stuttgart routes. Letters between those destinations will now be transported by road, allowing the company to reduce transport-related carbon dioxide emiss...
Euronews (English)
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