Former UK official Vince Cable urges Labour to block £3.6 billion Royal Mail sale to Czech billionaire.
Former UK Business Secretary Vince Cable has urged the Labour Party to block a £3.6 billion takeover bid for Royal Mail by Czech billionaire Daniel Kretinsky. Cable questions the bid’s value and Kretinsky's financial ties, though Kretinsky has promised to uphold Royal Mail's service standards. The deal needs government approval and will undergo a national security review, but approval is expected soon.
3 months ago
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