30-04-2025
Royal Mail takeover by Czech billionaire approved by shareholders
The sale of Royal Mail's parent company to a Czech billionaire has been cleared by approval of the £3.6bn deal, first proposed a year ago, will see the 500-year institution taken over by Daniel Kretinsky's EP over 80% of the shareholders of International Distribution Services (IDS), Royal Mail's owner, voted in favour of the takeover on Wednesday Kretinksy said "the pathway to success for IDS lies in taking a truly long-term view of the future".
