VESA gets the OK to increase holding

[jessicarabbit]

See attachment

[jessicarabbit]

Let the games begin!

[rambo1]

Let the games begin!

Get ready for a takeover bid. CWU are not going to be dealing with Royal Mail for much longer. The share price has dropped enough for a cheap takeover bid. Well done Simon and the CWU on that one. One of them knew it was coming one did not. Our jobs, those who want/need to keep them, are going to look very different next yr.

[Rommagic]

Always was going 2 happen.

[Moose67]

Bye bye ROYAL MAIL

[Skuse]

Big fat brown envelope for somebody

[rambo1]

Big fat brown envelope for somebody

with a foreign post mark on it. I would say where from but struggling to spell czech......no thats not right...

[borders]

The Plot thickens , all they need now is some sort of assurance around the USO from the Government and it could be Game On. Is this news bigger than the gaff we heard from the CWU yesterday ?

[SpacePhoenix]

How far off the point will they be when they can forcibly buy up all remaining shares?

[Rommagic]

How much would it cost Vesa for another 3 per cent say? £m.

[Binsey]

The Plot thickens , all they need now is some sort of assurance around the USO from the Government and it could be Game On. Is this news bigger than the gaff we heard from the CWU yesterday ?

This is far bigger than yesterdays gaff.

[rambo1]

How much would it cost Vesa for another 3 per cent say? £m.

Total shares in circulation x current share price ÷ 100×3

[scoobydo79]

This whole business is stinking more and more. The Union need to have a good plan of action now or we really are Fd.

[Skuse]

Big fat brown envelope for somebody

with a foreign post mark on it. I would say where from but struggling to spell czech......no thats not right...

[POSTMAN]

https://www.gov.uk/government/news/gove ... cquisition

Government to take no further action under the National Security and Investment Act (2021) on Royal Mail share acquisition
The government has today (Monday 31 October) decided to take no further action under its national security powers on the proposed increase in shareholdings by Vesa Equity Investment in Royal Mail.

The proposed acquisition of increased shareholdings in Royal Mail by Vesa Equity Investment was called in for a full national security assessment by the previous Business Secretary on 25 August 2022.

The government has powers under the National Security and Investment Act (2021) to scrutinise and, if necessary, intervene in qualifying acquisitions on national security grounds.

Following careful consideration, the government will take no further action on the acquisition of increased shareholdings by Vesa Equity Investment in Royal Mail and a Final Notification has been issued to parties.

The government will not hesitate to act to prevent risks to the UK’s national security where we judge action is necessary.  Under the National Security and Investment Act (2021) acquisitions are assessed on a case-by-case basis, so any future acquisition could be subject to a separate assessment under the Act if deemed necessary.