(PA)
(Picture: PA Wire)The government has cleared Royal Mail’s biggest shareholder, an investment vehicle part-owned by a Czech billionaire with links to Russia, to increase its stake in the company.
Daniel KÅetínský’s Vesa Equity already owns 22% of Royal Mail’s parent, International Distributions Services. The Department for Business, Energy and Industrial Strategy said in August, when Kwasi Kwarteng was secretary of state, that it was conducting a national security review amid signs that Vesa was preparing to build its stake in the UK’s main postal service past 25%, sparking speculation that a full takeover could follow.
