UK Business Secretary Seeks Assurances in Royal Mail Takeover Talks

Kemi Badenoch to meet Czech billionaire Daniel Kretinsky over proposed £3.5bn acquisition, emphasizing protection of services and jobs.

Kretinsky's EP Group proposes to maintain key services, including six-day first-class deliveries and the Royal Mail brand.
The Business Secretary stresses the importance of the universal service obligation, especially for vulnerable and remote communities.
Ofcom's decision on postal service reforms is expected post-general election, delaying potential changes to delivery schedules.
Royal Mail's board is inclined to accept the improved bid, with ongoing discussions about the terms and duration of commitments.
Union and political figures call for safeguards to ensure the company's operations and workers' rights are protected.