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The Independent UK
The Independent UK
Business
Anna Wise

Royal Mail owner’s £3.6bn takeover approved by shareholders

Royal Mail EP IDs Daniel Kretinsky EP Group
Royal Mail’s £3.6 billion takeover by Czech billionaire Daniel Kretinsky has been passed by its shareholders (Rui Vieira/PA) - (PA Wire)

Royal Mail’s £3.6 billion takeover by Czech billionaire Daniel Kretinsky has been passed by its shareholders, paving the way for the more than 500-year-old company to be taken into foreign ownership for the first time.

International Distribution Services (IDS), Royal Mail’s owner, first agreed to the acquisition in May last year.

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