Royal Mail Faces Renewed Takeover Bid by Czech Billionaire Daniel Křetínský

Daniel Křetínský's EP Group, already a major shareholder, has made a rejected offer for full control amid Royal Mail's operational and financial challenges.

Daniel Křetínský, known as the 'Czech Sphinx', has proposed to take Royal Mail's parent company, IDS, private by acquiring all remaining shares.
Royal Mail is grappling with a significant decline in letter volumes and heavy financial losses, prompting a controversial proposal to reduce letter delivery days.
The initial bid by EP Group was rejected by the IDS board, citing undervaluation, but further engagement and a potential new offer are anticipated.
Křetínský's interest in Royal Mail comes as the company faces increasing competition and regulatory challenges in adapting its business model.
Government and public scrutiny is expected due to the potential national security implications of a foreign takeover of this historic British service.