Selling a British institution to a foreign billionaire is a big deal. In the case of Royal Mail, that deal is not yet done, but the company’s board has agreed to the move in principle.
The 508-year-old postal service, which employs around 150,000 people, has been valued at £5 billion by its potential Czech buyer, Daniel Kretinsky, and shareholders of Royal Mail’s parent company are due to vote on the deal in September 2024.
