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Czech Billionaire Gets Regulatory Approval for Royal Mail Takeover

The Guardian

|

April 04, 2025

The £3.6bn takeover of Royal Mail's parent company will be completed this month, nearly a year after it was first agreed, as the Czech billionaire Daniel Křetínský cleared the final regulatory hurdles standing in the way.

- Kalyeena Makortoff

Czech Billionaire Gets Regulatory Approval for Royal Mail Takeover

International Distribution Services (IDS), the owner of the 508-year-old Royal Mail, said yesterday the deal "may become or be declared unconditional" by 30 April, after a delay caused by issues in Romania.

The most pressing issue, UK government approval, was clinched in December after a state review of national security laws.

However, Křetínský's company had warned in March that the deal might not be finalised until the second quarter of this year owing to regulatory issues relating to foreign direct investment in Romania.

FLERE HISTORIER FRA The Guardian

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NBA player and coach among 30 held in US gambling inquiry

The professional basketball stars Terry Rozier and Chauncey Billups were among more than 30 people arrested in the US yesterday in connection with a sweeping federal inquiry into illegal gambling relating to the NBA, authorities announced.

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