Royal Mail takeover by Czech billionaire Daniel Křetínský approved
www.theguardian.com
UK government to retain ‘golden share’ in parent company of International Distribution Services

Summary

The UK government has approved Czech billionaire Daniel Křetínský’s £3.6bn takeover of International Distribution Services (IDS), Royal Mail’s parent company, after a national security review.

It marks the first foreign ownership in Royal Mail’s 508-year history. The government retains a “golden share” to protect the postal service’s obligations, branding, and UK-based operations.

The deal includes commitments to maintain the universal service, worker protections, and delivery performance.

While seen as a pivotal moment for Royal Mail’s future, scrutiny persists over Křetínský’s ties to Russian energy and controversial business dealings.

    • teamevil@lemmy.worldEnglish
      246·
      1 year ago

      And the orange shit gibbon is going to try to do the same thing for no reason.

      • apfelwoiSchoppen@lemmy.worldEnglish
        161·
        1 year ago

        Yeah shit is gonna get sold and everything will go to shit over here. This is Labour though, the liberal party, doing this over in England. Just goes to show you what neoliberalism, regardless of particular party, will eventually do. Privatize privatize privatize.

        • Vikthor@lemmy.worldEnglish
          4·
          1 year ago

          The Royal Mail was privatized already in 2013 by a Tory government, this is just a sale between two private entities.

      • where_am_i@sh.itjust.worksEnglish
        610·
        1 year ago

        Ah, I was wondering how will lemmy make sure to talk about trump after the elections are over?

        Yeah, right, by mentioning him and upvoting any mentioning of him in any sub on any topic.

        This is a thread about UK and Czechia. Get the hell out with your American politics. Shove it faaaar up your ass and then walk like that till you reach reddit.