Royal Mail set to be taken over by Czech billionaire for £3.5bn
Royal Mail is on the brink of a takeover by Czech billionaire Daniel Kretinsky after the board said it was minded to accept a £3.5bn bid. In an update to investors on Wednesday, the postal business’s parent company International Distributions Services (IDS) said it had received a revised possible cash offer from Mr Kretinsky’s EP Group of 370p per