The Latest Breaking News from Daniel Kretinsky

Here, the PA news agency looks who Mr Kretinsky is and what the new ownership could mean for the historic British company.

Business Secretary Jonathan Reynolds said the Government had secured a raft of legally-binding commitments with Mr Kretinsky’s EP Group.

Government secures pledge to maintain the six days a week first class service throughout the ownership of the buyer

The fine is nearly double the penalty given to it by the watchdog last year, as the UK's struggling postal service has failed to sufficiently improve its six-days-a-week service.

Kretinsky, known as the Czech Sphinx because of his low profile, has promised to maintain six days of postal deliveries per week

Companies controlled by Czech billionaire Daniel Kretinsky own power stations in Hull, Devon and Northern Ireland.

With an interest in a pipeline for Russian gas, the Czech billionaire is now facing ministerial scrutiny. But that might be the least of the problems facing anyone running Britain’s postal service, writes Chris Blackhurst

A consortium led by the top shareholder of troubled French tech giant Atos, an IT partner for the Paris Olympics and French military, has withdrawn a rescue offer for the group, the companies said on Wednesday.

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.

A centuries-old British institution is set to be sold to a foreign firm. Royal Mail's parent company has accepted a £3.6 billion takeover offer by Czech billionaire Daniel Kretinsky's EP group. Privatised about a decade ago, the postal service that dates back to Tudor times has struggled in the era…

A billionaire with interests in football clubs, media outlets, supermarkets and now the potential new owner of Britain's Royal Mail, Czech Daniel Kretinsky retains a stubbornly low profile internationally.