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Evening Standard
Evening Standard
World
William Mata

Who owns Royal Mail? Daniel Křetínský takeover confirmed

Royal Mail Dave Ward CWU

Royal Mail will have a new ultimate owner in Czech billionaire Daniel Křetínský after a £3.5 billion deal was announced on Wednesday.

The takeover of International Distribution Services (IDS), the parent firm of Royal Mail, was completed this week after the conclusion of discussions that began in April. The IDS board had said it was “minded to” accept a bid at the price agreed on Wednesday, which is 370p per share. 

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