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UK approves Daniel Kretinsky's $6.7 billion bid for Royal Mail owner, FT reports

  • December 15, 2024

(Reuters) - The British government has approved the sale of Royal Mail (LON: IDSI ) to Czech billionaire Daniel Kretinsky, the Financial Times reported on Monday.

UK approves Daniel Kretinsky's $6.7 billion bid for Royal Mail owner, FT reports

The approval for Kretinsky's 5.3 billion pounds ($6.69 billion) takeover of Royal Mail owner International Distribution Services is set to be announced on Monday morning, the report said, citing people familiar with the matter.

($1 = 0.7918 pounds)