Overview

• The £3.6 billion takeover of Royal Mail by Daniel Křetínský’s EP Group has been approved by 80% of shareholders, surpassing the 75% threshold required.
• This marks the first time Royal Mail, founded over 500 years ago, will come under foreign ownership.
• The UK Government has retained a 'golden share' to safeguard the Universal Service Obligation, UK headquarters, and tax residency.
• The deal adds £3 billion in new debt to Royal Mail, on top of its existing £2 billion borrowings.
• The Communication Workers Union has vowed to hold EP Group accountable for commitments to postal workers and customers.