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The Independent UK
The Independent UK
Business
Holly Williams

Royal Mail takeover by Czech billionaire given go ahead

Royal Mail Ofcom Dame Melanie Dawes
Royal Mail’s takeover by a Czech billionaire has been given the green light by the Government, allowing the postal service to pass into foreign ownership for the first time (PA) - (PA Media)

Royal Mail’s takeover by a Czech billionaire has been given the green light by the Government, allowing the postal service to pass into foreign ownership for the first time.

It is understood that permission for the sale of International Distribution Services (IDS) to Daniel Kretinsky’s EP Group is set to be officially announced later on Monday morning after being reviewed by the Government under the National Security and Investment Act.

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