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A proposed takeover bid for Royal Mail would be subject to a national security review, the chancellor has said, as ministers come under pressure to scrutinise a £3.5 billion offer from a Czech billionaire.
Jeremy Hunt said on Friday that “as a rule, we welcome international investment in British companies”. But he added: “We do always look at national security considerations to make sure that in terms of our core infrastructure, there are no risks to those going forward and any bid for Royal Mail will go through that normal process.”
On Wednesday the board of International Distributions Services (IDS), Royal Mail’s parent company, announced that it was “minded” to recommend to its shareholders a 370p per share “non-binding” proposal from EP Group, a conglomerate
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