UK to Analyze Security Concerns Over Křetínský's Proposed Acquisition of Royal Mail

Friday, 17 May 2024, 13:52

The UK government, led by Chancellor Jeremy Hunt, will assess the national security implications of the proposed acquisition of Royal Mail by Czech billionaire Daniel Křetínský. While Hunt stated that ministers are not fundamentally against the takeover bid, security concerns are under scrutiny. Royal Mail's owner, International Distributions Services, backed a £3.5bn bid by Křetínský's EP Group following the initial rejection of a £3.2bn offer.
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UK to Analyze Security Concerns Over Křetínský's Proposed Acquisition of Royal Mail

Security Review for Křetínský's Bid

Chancellor Jeremy Hunt announced the UK government's plan to examine the national security implications of Czech billionaire Daniel Křetínský's bid for Royal Mail.

Ministers' Stance on Takeover

  • Not fundamentally opposed to the acquisition

Royal Mail's owner, International Distributions Services, has now endorsed a £3.5bn bid by Křetínský's EP Group.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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