“The British government has approved the sale of International Distribution Services (IDS), the parent company of one of the world’s oldest postal companies, Royal Mail, to Czech billionaire Daniel Kretinsky.”, — write: epravda.com.ua
The British government has approved the sale of International Distribution Services (IDS), the parent company of one of the world’s oldest postal companies, Royal Mail, to Czech billionaire Daniel Kretinsky. The BBC writes about it. The value of the deal is 3.6 billion pounds ($4.5 billion). The takeover is expected to close early next year. Royal Mail has been operating since 1516. In 2023, it was separated from the Postal Department and privatized. In the last few years, he has been experiencing financial difficulties. In December, the company was fined 10.5 million pounds for failure to fulfill plans for the delivery of mail.Advertisement: Kretinsky’s company EP Group became the largest shareholder of IDS two years ago, and in May of this year the billionaire announced his intention to become the full owner of the company. Before the sale, the British authorities checked Kretinsky for connections with Russia because his structures were engaged in the transportation of Russian gas to Central Europe.