Summary
The UK government has approved Czech billionaire Daniel Křetínský’s £3.6bn takeover of International Distribution Services (IDS), Royal Mail’s parent company, after a national security review.
It marks the first foreign ownership in Royal Mail’s 508-year history. The government retains a “golden share” to protect the postal service’s obligations, branding, and UK-based operations.
The deal includes commitments to maintain the universal service, worker protections, and delivery performance.
While seen as a pivotal moment for Royal Mail’s future, scrutiny persists over Křetínský’s ties to Russian energy and controversial business dealings.
The government have most-likely already given America access to all our internet traffic, or at least gives them it on request. Putin is going to cause me less of an issue that America.
You do know who just got elected president of the U.S., right? And his relationship with Putin?
Surely a foreign entity controlling your country’s infrastructure or services is not that desirable.
It is if your main goal is to please billionaire oligarchs.