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Royal Mail's parent company, International Distributions Services , is set to recommend a firm offer by Czech billionaire Daniel Kretinsky, a person with knowledge of the situation said. ...
Royal Mail is poised to accept a £3.5bn takeover offer from Czech billionaire Daniel Kretinsky, paving the way for the postal service to fall into foreign ownership for the first time in its 500-year history.
Royal Mail owner IDS remains in an offer period following an announcement last week about the potential takeover swoop by EP Group.
Its parent company said auditors at KPMG had asked for more time to complete the results statement.
Czech billionaire Daniel Kretinsky is preparing an improved offer to try to satisfy businesses and workers