IDS nearing takeover by Czech billionaire Kretinsky

International Distribution Services (IDS) is close to being taken over by Czech billionaire Daniel Kretinsky. This follows a revised offer made in May 2024. The previous bid for the company was not accepted. The new deal proposed is worth 370 million euros. Despite some delays, progress is being made toward finalizing the takeover. Analysts are keeping a close watch on the situation as it develops. The company has been under pressure to accept a bid that could provide financial stability. It remains to be seen when the takeover will be officially completed.