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The Independent UK
The Independent UK
National
Via AP news wire

Owner of UK's Royal Mail says it has accepted a takeover offer from a Czech billionaire

Royal Mail Daniel Křetínský United Kingdom EP Group IDs
Copyright 2018 The Associated Press. All rights reserved.

The owner of Britain’s Royal Mail said Wednesday it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský.

Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share.

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