British government approves £3.6-billion takeover of Royal Mail by Czech billionaire Submitted by daniel on Mon, 16/12/2024 - 12:55 Picture Image Britain’s government gave the go-ahead Monday for the sale of Royal Mail’s parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history. Authorities confirmed Monday that the £3.6-billion ($4.6-billion) takeover of Royal Mail’s owner, International Distribution Services, by billionaire Daniel Kretinsky’s EP Group, can go ahead. Read more about British government approves £3.6-billion takeover of Royal Mail by Czech billionaireAdd new comment