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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Royal Mail takeover by Czech billionaire Daniel Křetínský approved

Daniel Křetínský Royal Mail United Kingdom EP Group International Distribution Services EP IDs
Royal Mail post box in Oxford Street, London
The takeover will mark the first time that Royal Mail has been controlled from beyond the UK. Photograph: Guy Bell/Shutterstock

The sale of Royal Mail’s parent company to the Czech billionaire Daniel Křetínský has been approved by the UK government after a review under national security laws.

The £3.6bn takeover of International Distribution Services (IDS) – the owner of the 508-year-old Royal Mail – by Křetínský’s EP Group was confirmed on Monday morning.

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