London CNN —
The owner of Royal Mail has accepted a £3.57 billion ($4.6 billion) takeover bid from Czech billionaire Daniel Křetínský, paving the way for the sale of one of Britain’s oldest and most iconic institutions to a foreign owner for the first time.
International Distribution Services, which owns the loss-making postal service, said Wednesday that it had accepted a £3.70-per-share ($4.69) takeover offer from Křetínský’s EP Group.
The deal has consequences for thousands of workers and has sparked anxiety about the future of a key piece of national infrastructure, which delivers a vital public
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