Source: United Press International
“The British government on Monday cleared Czech billionaire Daniel Kretinsky’s purchase of the Royal Mail’s parent company, the International Distribution Services, for $4.56 billion. As part of the deal, Kretinsky’s EP Group will have to clear any major changes to the Royal Mail with the British government and the new owners must keep the popular one-price-goes-anywhere Universal Service Obligation for letters and passages. The government would also have to approve changes in further ownership, headquarters location, and tax residency. If the deal is finalized, it will mark the first time the Royal Mail has been operated by an overseas owner in its 500-year history.” (12/16/24)
https://www.upi.com/Top_News/World-News/2024/12/16/Royl-Mail-approval-EP-Group/3201734355898/