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Billionaire Daniel Křetínský agrees to buy Royal Mail
Money and Wealth

Billionaire Daniel Křetínský agrees to buy UK’s Royal Mail in a £3.57 billion deal

The owner of Royal Mail has unequivocally accepted a £3.57 billion ($4.6 billion) takeover bid from Czech billionaire Daniel Křetínský, solidifying the sale of one of Britain’s oldest and most iconic institutions. International Distribution Services (IDS), which owns the loss-making postal service, has firmly accepted a £3.70-per-share ($4.69) takeover offer...
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