Czech Billionaire Nears £3.6bn Royal Mail Takeover After Key Concessions

Daniel Kretinsky's EP Group is set to finalize the purchase of Royal Mail, pending government approval under national security laws.

Daniel Kretinsky's EP Group has made additional guarantees to secure the £3.6bn acquisition of Royal Mail, with final confirmation expected within two weeks.
The proposed deal includes commitments to maintain the universal service obligation, preserve the Royal Mail brand and UK tax residency, and avoid compulsory redundancies until at least 2025.
Union representatives have described meetings with Kretinsky's advisors as constructive, though some skepticism remains among members.
The UK government has reviewed the deal under the National Security and Investment Act and appears satisfied with the safeguards and Kretinsky's suitability as an owner.
Royal Mail continues to face challenges, including declining letter volumes, financial losses, and customer complaints, while parcel deliveries remain a more profitable segment.