Daniel Kretinsky and Patrik Tkac

William Malcolm

Vesa Ups Its Stake In Royal Mail To Just Over 17%

Daniel Křetínský and Patrik Tkáč through their investment vehicle Vesa Equity, have increased their stake in the British postal company Royal Mail to 17.03 from 16.03 percent. According to a notice filed with the London Stock Exchange (LSE).

Vesa joined Royal Mail last May, when it acquired 5.35 percent of the shares. It gradually increased its share and last August became the largest shareholder in the company, which was founded in 1516 by King Henry VIII. Royal Mail focuses mainly on the transport of postal items.

Since Vesa’s entry into Royal Mail, the shares of the British company have strengthened significantly as the company took advantage of the boom in online sales during the covid-19 pandemic. While last year’s shares in Royal Mail traded for around £1.60, now their price is around £4.90. That means growth of more than 200 percent.