Daily first class mail service secured in £3.6 bn Royal Mail takeover

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UK okays Czech billionaire’s takeover of Royal Mail

Britain’s centuries-old Royal Mail is set to pass into foreign ownership after the UK government approved the takeover of its parent company by Czech billionaire Daniel Kretinsky’s EP Group on Monday. The takeover of International Distribution Services (IDS) by EP Group is worth £3.6 billion ($4.5 billion). The “deal protects …

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Royal Mail remains based in UK in deal to bolster key services

Business Secretary reaches agreement with Royal Mail’s prospective new owners after in latest example of government working hand in hand with private sector to improve crucial public services.    Agreement backs Government’s Plan for Change, creating the strong foundations needed in Britian’s supply chain to kickstart economic growth and deliver for …

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