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Kretinsky to come under scrunity

The UK  Government plans to review West Ham shareholder Daniel Kretinsky’s holding in  Royal Mail as he looks to raise his stake to more than 25 per cent.

This would trigger an inquiry under the National Security and Investment Act, according to a Royal Mail  statement. Royal Mail shares rose as much as 5.2% on reports of Kretinsky’s move although the stock has lost nearly half its value this year.

Kretinsky, through his investment company VESA. acquired a 5.35% stake in Royal Mail in 2020 and has been building his investment since then to 22%

He is the largest shareholder of Dutch postal service PostNL NV, with a 25.02% stake.

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“The notification sets out Vesa’s intention, subject to market conditions, to acquire additional shares,” the company said. “The notification was made on a voluntary basis, out of an abundance of caution.”

The UK Government has been scrutinising corporate deals involving purchases of British assets exercising new security powers.

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About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

5 comments on “Kretinsky to come under scrunity

  1. The whole of this country’s INFRASTRUCTURE is in foreign hands because of the policy pursued by these crooks in charge of this country.

    Therefore I don’t pay too much attention to government (lol) bulletins like these 🤔

  2. Bit of an insult to crooks!

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