A takeover by Czech billionaire Daniel Kretinsky’s EP Group from International Distribution Services has been approved by the Government, with several concessions made to secure approval. The deal includes a 10% dividend share for workers and a “golden share” that ensures government oversight of key changes to Royal Mail’s ownership, location, and tax residency. Mr Kretinsky has also guaranteed not to access the company’s pension surplus, maintain its universal service, and preserve its UK brand identity for at least five years.
Source: https://www.independent.co.uk/news/uk/home-news/royal-mail-takeover-billionaire-daniel-kretinsky-net-worth-b2664877.html