Loading

Royal Mail Sale to Czech Billionaire Approved

The sale of Royal Mail's parent company, International Distribution Services (IDS), to Czech billionaire Daniel Křetínský has been approved by shareholders. The deal, worth £3.6 billion, was approved by investors, marking the first time in Royal Mail's 500-year history that the postal service will be owned by a foreign entity. The sale was also cleared by the UK government and other regulators. More than half the shareholders of Royal Mail's parent company have consented.

Add/View comments for this article →


Comments
user