Royal Mail: Successful Transition to Czech Investor

The British government has given the green light for the takeover of Royal Mail by Czech billionaire Daniel Kretinsky, as reported by the Financial Times on Monday. It is a deal worth 5.3 billion pounds, which is approximately 6.69 billion US dollars. With this decision, the UK allows Kretinsky to take control of International Distribution Services, the parent company of Royal Mail. The announcement of this takeover is expected for Monday morning, according to insider sources. This move could bring a fresh breeze into the British postal service and provide Daniel Kretinsky the opportunity to further expand his strategic goals in the UK market.