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Home > Finance > UK approves Daniel Kretinsky's $6.7 billion bid for Royal Mail owner, FT reports

Finance

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

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(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)

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