Investor Kretinsky's stake in PostNL has risen to 31.4%

[TrueBlueTerrier]

https://www.nasdaq.com/articles/investo ... 1.4-filing

AMSTERDAM, Nov 24 (Reuters) - Czech investor Daniel Kretinsky has accumulated a 31.4% stake in Dutch mail and packages delivery company PostNL PTNL.AS, a regulatory filing showed on Thursday.

Kretinsky's stake increased from 25.02% in January, the filing by the Authority for Financial Markets (AFM) showed.

PostNL shares were up 2.9% at 1.85 euros at 0948 GMT on Euronext Amsterdam.

ING analyst Marc Zwartsenburg said in a note that Kretinsky increased his stake to 29.9% before PostNL cancelled shares it had acquired in a share buy-back on Nov.22, leading to a further increase.

Under Euronext rules, Kretinsky will be unable to purchase further shares without making a buyout offer for PostNL.

Kretinsky's Luxembourg investment vehicle Vesa Equity, which holds the shares, could not immediately be reached for comment.

[EdRush]

Could this spell the end of his relationship with a certain simple Simon

[irribeo]

PostNL has around 20.000 employees delivering packages and mail, around 15.000 other employees.
Royal Mail has around 115.000 ??? employees delivering packages and mail, around 45.000 ??? other employees
As a reference: size in revenue from mail and packages PostNL has around 40% of Royal Mail's revenue.
I guess both Royal Mail and PostNL have been looking at these numbers, Royal Mail want te decrease the number of employees, PostNL wants to increase the number of employees. Greener grass.