Royal Mail Takeover by Czech Billionaire Close to Completed, BBC Says, Citing Sources

Dow Jones11-28

--Czech billionaire Daniel Kretinsky's planned 3.57 billion pounds ($4.53 billion) takeover of Royal Mail owner International Distribution Services is close to completed and could be confirmed in the next two weeks, the BBC reports, citing unnamed sources.

--The British Broadcasting Corporation said that Kretinsky's EP Group has agreed to more concessions to get the deal cleared, although it still needs approval from the U.K. government under the National Security and Investment Act.

--EP Group declined to comment. The U.K. Department for Business was also contacted by the BBC for comment.

Full story: https://tinyurl.com/2n3vw4ay

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

November 28, 2024 07:13 ET (12:13 GMT)

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