Skip to main content
Royal Mail's owners agree to £3.57bn takeover by foreign private equity firm
Royal Mail delivery vans parked up inside the Whitechapel delivery office, December 14, 2022

ROYAL MAIL owners agreed to a £3.57 billion takeover offer from Czech billionaire Daniel Kretinsky’s EP Group today.

The deal would see the foreign private equity group buy International Distribution Services (IDS) while offering a series of “contractual commitments and intentions,” including the continuation of Royal Mail’s universal service obligation to one-price-goes-anywhere first-class post six days a week and the company’s branding and British headquarters.

IDS also said it would protect existing employment rights of all staff, with “no intention to make any material changes to overall headcount or reductions in the number of front-line workers” beyond existing plans.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
A new baby holding the finger of its mother
Usdaw Conference 2025 / 7 May 2025
7 May 2025
Usdaw general secretary Paddy Lillis
Usdaw Conference 2025 / 7 May 2025
7 May 2025