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Mr Seidenberg is also understood to have used the meeting, which was arranged before Mr Kretinsky’s takeover bid emerged, to lobby for reform of Royal Mail’s universal service obligation (USO).
The company has submitted proposals that would see second class letters delivered just three times a week, while the six-day service would be maintained for first class post.
Ofcom is currently consulting on the USO and is due to provide an update in the summer. However, the Royal Mail boss has hit out at the regulator for its lack of urgency and urged it to approve the changes as soon as possible.
Ms Badenoch on Thursday reiterated the Government’s stance that the universal service must meet customer needs, including those of vulnerable people, those in remote communities and small businesses.
The latest offer from Mr Kretinsky’s EP Group valued IDS at 370p per share – or roughly £3.5bn. It marks an increase of almost 16pc on its previous 320p per share approach, which was rejected.
While Royal Mail’s board has said it is minded to accept the bid, it will continue to hold discussions with EP Group over the scope and duration of the undertakings.
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