Czech billionaire Křetínský considers buying British Royal Mail

Czech billionaire Daniel Křetínský is considering buying out Royal Mail, the British national postal service, Reuters and the Financial Times reported on Wednesday. Křetínský's investment company confirmed to Reuters that it tried to buy International Distributions Services (IDS), Royal Mail's parent company, earlier this month, but the offer was rejected. The Czech investor already owns 27 percent of IDS through his company VESA Equity Investment, but in recent months, he has been working informally with advisors on a possible takeover of the entire company, the news agencies said.