Royal Mail Faces Potential Breakup Three Years After £3.6 Billion Czech Takeover

Czech billionaire Daniel Kretinsky's acquisition raises concerns about the future of the historic postal service, despite legal guarantees.

Royal Mail has accepted a £3.6 billion takeover offer from Czech billionaire Daniel Kretinsky.
Legal undertakings include maintaining key services and not splitting the company for at least three years.
The deal marks the first time Royal Mail will fall into foreign ownership in its 500-year history.
Political and union leaders express concerns over the long-term impact on jobs and services.
Kretinsky's EP Group has pledged not to strip assets or load the company with debt.