Finance
Billionaire Kretinsky's Royal Mail takeover bid delayed
Published by Global Banking & Finance Review®
Posted on March 5, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 5, 2025
1 min readLast updated: January 25, 2026
Kretinsky's EP Group faces a delay in its Royal Mail takeover due to Romanian regulatory issues, pushing completion to Q2 2025.
(Reuters) - The completion of EP Group's takeover of Royal Mail-owner International Distribution Services is likely to be delayed to the second quarter of 2025 due to regulatory issues in Romania, the company said on Wednesday.
The only regulatory condition that needs resolving pertains to foreign direct investment in Romania, Czech billionaire Daniel Kretinsky's EP Group said, adding that it expects the condition to be met in the second quarter.
The British government approved the 3.57-billion-pound ($4.58 billion) deal in December 2024 and it was expected to close in the first quarter of this year.
($1 = 0.7801 pounds)
(Reporting by Yamini Kalia and Chandini Monnappa in Bengaluru; Editing by Pooja Desai)
The completion of the takeover is likely to be delayed due to regulatory issues in Romania, specifically related to foreign direct investment.
The British government approved the 3.57-billion-pound deal in December 2024.
The takeover is now expected to close in the second quarter of 2025.
The takeover bid is led by Czech billionaire Daniel Kretinsky.
The deal was initially expected to close in the first quarter of this year.
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