Czech billionaire acquires Britain’s centuries-old Royal Mail
LONDON: Britain’s centuries-old Royal Mail is set to pass into foreign ownership after the UK government on Monday approved the takeover of its parent company by Czech billionaire Daniel Kretinsky’s EP Group. The takeover of International Distribution Services (IDS) is worth 3.6 billion ($4.5 billion).
RTE Online · 22h
Kretinsky's EP Group agrees to terms with UK government over Royal Mail deal
Czech billionaire Daniel Kretinsky's EP Group said today it agreed to certain terms with the UK government for its takeover of Royal Mail's parent, paving the way for a green light on the tightly-scrutinised deal.
The CWU bureaucracy blazed the trail for the takeover by colluding in dismantling the mail service under the guise of ...
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