Going, Going, Gone: Royal Mail’s £3.6bn Foreign Takeover Set to Complete as Critics Warn of ‘Thames Water 2.0’
Britain’s 508-year-old postal service, Royal Mail, will fall into foreign hands by the end of this month after Czech billionaire Daniel Kretinsky cleared the final regulatory hurdles for Royal Mail’s £3.6bn foreign takeover. International Distribution Services (IDS), Royal Mail’s parent company, confirmed the deal “may become or be declared unconditional” by April 30th, marking the…