Daniel Kretinsky's EP Group agrees to terms with UK govt over Royal mail deal

International Distribution Services

16/12/2024 08:53

Dec 16 (Reuters) - Czech billionaire Daniel Kretinsky's
EP Group said on Monday it had agreed to certain terms with the
UK government, which are conditional upon the completion of its
takeover of Royal Mail owner International Distribution Services
(IDS)  IDSI.L .
    IDS had agreed to a 3.57 billion pound ($4.51 billion)
takeover by Kretinsky's EP Group in May and the deal has also
been under review by Britain under the National Security and
Investment Act since August.
    Early on Monday, the BBC reported that the UK government had
approved the sale.
    
    

($1 = 0.7911 pounds)

 (Reporting by Chandini Monnappa in Bengaluru; Editing by Varun
H K)
 ((Chandini.M@thomsonreuters.com; +918061822697;))