UK approves Daniel Kretinsky's $6.7 billion bid for Royal Mail owner, FT reports
Published by Global Banking and Finance Review
Posted on December 16, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking and Finance Review
Posted on December 16, 2024
1 min readLast updated: January 27, 2026

The UK approves Daniel Kretinsky's $6.7 billion bid for Royal Mail, enhancing his investment portfolio. The deal is set to be announced soon.
(Reuters) - The British government has approved the sale of Royal Mail to Czech billionaire Daniel Kretinsky, the Financial Times reported on Monday.
The approval for Kretinsky's 5.3 billion pounds ($6.69 billion) takeover of Royal Mail owner International Distribution Services is set to be announced on Monday morning, the report said, citing people familiar with the matter.
($1 = 0.7918 pounds)
(Reporting by Pretish M J in Bengaluru; Editing by Sherry Jacob-Phillips)
The main topic is the UK government's approval of Daniel Kretinsky's $6.7 billion acquisition of Royal Mail.
Daniel Kretinsky is a Czech billionaire known for his investments in various sectors, including energy and media.
This acquisition strengthens Kretinsky's investment portfolio and marks a significant change in ownership for Royal Mail.
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