US EditionRoyal Mail takeover approved by shareholders
- Shareholders approved Royal Mail's £3.6 billion takeover by Daniel Kretinsky's EP Group, marking a historic shift to foreign ownership in 2025.
- The takeover followed UK government clearance in December and awaited Romanian approval, delayed amid political upheaval in Romania.
- EP Group pledged to keep the Royal Mail brand and headquarters in the UK for five years and maintain universal service obligations.
- Over 80% of investors supported the offer, surpassing the 75% threshold needed, making the acquisition unconditional and enabling IDS shares to cease trading by June 2.
- The deal secures a platform for rebuilding Royal Mail with emphasis on employees and customers, though unions warn they will challenge EP Group if obligations are unmet.
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Křetínské's company EP Group has completed the acquisition of IDS, which owns the British Royal Mail.
Czech billionaire Daniel Křetínský's EP Group has taken over International Distribution Services, the owner of the British post office Royal Mail. The previously approved transaction came into effect today. This follows from information published on the London Stock Exchange. The ZoznamSprávy server pointed out this. "We look forward to working with Martin (Seidenberg, head of ID - ed. note) and his team so that we can continue to improve the qu…
·Bratislava Region, Slovakia
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Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
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