UK government greenlights £3.6 billion sale of Royal Mail to Czech billionaire, despite Putin ties.

The UK government has approved a £3.6 billion takeover of Royal Mail by Czech billionaire Daniel Kretinsky's EP Group. The deal, pending shareholder and union approval, ensures Royal Mail's headquarters stays in the UK and maintains its service standards. The government retains a "golden share" to control major changes. Kretinsky's ties to Putin and debt-financed deal raise concerns, but supporters argue it will bring investment and improve service efficiency.

3 months ago
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