- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
The UK government has approved Czech billionaire Daniel Křetínský’s £3.6bn takeover of International Distribution Services (IDS), Royal Mail’s parent company, after a national security review.
It marks the first foreign ownership in Royal Mail’s 508-year history. The government retains a “golden share” to protect the postal service’s obligations, branding, and UK-based operations.
The deal includes commitments to maintain the universal service, worker protections, and delivery performance.
While seen as a pivotal moment for Royal Mail’s future, scrutiny persists over Křetínský’s ties to Russian energy and controversial business dealings.
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That’s all it costs? $3.6Bil? No one tell Elongated Muskrat
Did anybody know they were going to privatize?
Quietly, but with feeling: What the fuck?
so, the czech’s in the mail?
I hate you <3
Why can’t someone just ice Putin so we can get shit going back to fucking normal?
Putin? This shit started with Thatcher, no?
If it wasn’t Putin, it would just be someone else.
Coming soon to a government over you
Horrible.
