Categories: Stocks / ETFs

UK approves Daniel Kretinsky’s $6.7 billion bid for Royal Mail owner, FT reports By Reuters


(Reuters) – The British government has approved the sale of Royal Mail (LON:) to Czech billionaire Daniel Kretinsky, the Financial Times reported on Monday.

The approval for Kretinsky’s 5.3 billion pounds ($6.69 billion) takeover of Royal Mail owner International Distribution Services is set to be announced on Monday morning, the report said, citing people familiar with the matter.

($1 = 0.7918 pounds)



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