The takeover of Royal Mail by Czech billionaire Daniel Kretinsky has been accredited by the federal government – permitting the postal service to cross into overseas possession for the primary time.
The whole worth of the takeover is £5.3bn – which incorporates the corporate’s debt.
The deal had been agreed in May however was topic to a authorities evaluate beneath nationwide safety legal guidelines as Royal Mail is taken into account important nationwide infrastructure.
Read extra: https://news.sky.com/story/sale-of-royal-mail-to-czech-billionaire-daniel-kretinsky-to-be-announced-this-morning-13274696
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