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The Guardian - UK
The Guardian - UK
Business
Rob Davies

What will Royal Mail’s takeover mean for customers and postal workers?

Royal Mail Daniel Křetínský EP Group IDs VESA The Royal Mail CWU EP International Distribution Services Ofcom
The exterior of a Royal Mail delivery office.
The board of Royal Mail’s parent company, International Distribution Services, has agreed to a £3.57bn takeover bid from the Czech billionaire Daniel Křetínský. Photograph: Chris J Ratcliffe/Reuters

The billionaire sometimes known as the Czech Sphinx appears to be on the verge of becoming the first person to buy the Royal Mail in its 500-year history.

The board of the British postal service’s parent company, International Distribution Services (IDS), has agreed to a £3.57bn takeover bid from Daniel Křetínský, meaning the deal has a strong chance of going through.

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