Royal Mail owner’s chair seeks to charm investors after Czech billionaire’s bid

Keith Williams says £3.1bn offer from Daniel Křetínský’s EP Group is opportunistic and undervalues IDS

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The chair of Royal Mail’s owner is to conduct a charm offensive with investors in an attempt to convince them of its strategy, in the face of a potential £3.1bn hostile takeover by a Czech billionaire.

Last week it emerged that the postal firm’s parent company, International Distributions Services, had received a preliminary offer from Daniel Křetínský, an energy tycoon whose company, EP Group, is its largest shareholder.