Daniel Kretinsky and Patrik Tkac

William Malcolm

Vesa Ups Stake in Royal Mail To 19.02%

The Vesa Equity Investment investment fund of entrepreneurs Daniel Křetínský and Patrik Tkáč increased its stake in the British postal company Royal Mail to 19.02 from the current 18.11 percent. He stated this in a notice to 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 £ 4.1. That means growth of more than 150 percent.

Vesa took advantage of the fact that Royal Mail shares depreciated over 15 percent to 4.07 pounds in the last increase in the share from September 28 to October 4.