A FOREIGN takeover bid for Royal Mail will go ahead, the Morning Star understands. 

EP Group, owned by Czech billionaire Daniel Kretinsky, is likely to take over the public service, which was privatised by the Conservative-Liberal Democrat coalition between 2013-15.

Communications Workers Union general secretary Dave Ward said the takeover was “a direct result of a failed and ideological privatisation over a decade ago mixed with the blatant mismanagement of the company in recent years.