Royal Mail Sold to Czech Billionaire in Historic £3.6 Billion Deal

The UK government approves Daniel Kretinsky's takeover with conditions to protect national security and postal service obligations.

Royal Mail, a 500-year-old British institution, will pass into foreign ownership for the first time following its £3.6 billion sale to Czech billionaire Daniel Kretinsky's EP Group.
The UK government granted national security clearance for the deal under the National Security and Investment Act, ensuring key safeguards are in place.
The government retains a 'golden share,' allowing it to veto major changes in ownership, headquarters location, and tax residency of Royal Mail.
Additional agreements include commitments to maintain the universal six-day delivery service and keep Royal Mail headquartered in the UK.
The Communication Workers Union endorsed the deal after securing assurances on job security, dividend sharing, and increased worker involvement in management decisions.