Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleDaniel Kretinsky's Royal Mail takeover has cleared regulatory hurdles, with the 3.57-billion-pound deal expected to finalize soon despite Romanian delays.
(Reuters) - Czech billionaire Daniel Kretinsky's takeover of Royal Mail-owner International Distribution Services has cleared all regulatory conditions, his company EP Group said on Thursday.
The offer may become or be declared unconditional by April 30.
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. However, EP Group had said in March that the deal could likely get delayed due to regulatory issues in Romania.
(Reporting by Yamini Kalia and Chandini Monnappa in Bengaluru; Editing by Janane Venkatraman)
The main topic is Daniel Kretinsky's takeover of Royal Mail and its regulatory approval.
Daniel Kretinsky is a Czech billionaire involved in the acquisition of Royal Mail.
Regulatory issues in Romania could delay the completion of the deal.
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