The sale of Royal Mail to Czech billionaire Daniel Kretinsky might be accredited this morning, Sky Information understands.
Mr Kretinsky‘s firm EP Group will purchase the postal service’s father or mother firm Worldwide Distribution Providers (IDS).
The £5.3bn takeover deal had been agreed in May however was topic to a assessment below nationwide safety legal guidelines as Royal Mail is taken into account very important nationwide infrastructure.
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Royal Mail’s headquarters, tax base, and company construction will stay British for 5 years. The common service obligation to ship letters to each tackle within the UK, six days per week, at a uniform value may also stay.
The federal government will retain a “golden share” requiring it to approve main adjustments.
Royal Mail may also guarantee employees obtain a ten% share of any dividends paid out to Mr Kretinsky and the formation of a employees group, which can meet month-to-month with firm administrators.
This measure requires union approval and ratification and so won’t be introduced on Monday.
The 49-year-old Mr Kretinsky is ranked thirty third on The Sunday Times Rich List with an estimated web value of £6bn – up £2bn since 2023.
In 2021 he purchased a 27% stake in West Ham United – a deal worth £150m.
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