Robert Besser
06 Apr 2025, 21:24 GMT+10
LONDON, U.K.: Daniel Kretinsky's path to owning Royal Mail is nearly complete, as his firm EP Group announced this week that all regulatory hurdles for the acquisition have now been cleared.
The Czech billionaire's proposed takeover of Royal Mail-parent International Distribution Services (IDSI.L) has met the final conditions necessary to proceed, bringing the 3.57 billion pounds (US$4.58 billion) deal closer to the finish line.
"The offer may become or be declared unconditional by April 30," EP Group said in a statement.
The acquisition, approved by the UK government back in December 2024, was initially slated to close within the first quarter of this year. However, in March, EP Group had cautioned that regulatory delays in Romania could delay the timeline.
Get a daily dose of Dutch Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dutch Sun.
More InformationGENEVA, Switzerland: Japan's car industry is facing a multibillion-dollar blow as sweeping U.S. auto tariffs threaten its largest export...
TALLAHASSEE, Florida: A famous old ocean liner, the SS United States, will soon become the world's biggest artificial reef off the...
MANILA, Philippines: A Philippine security official stated that acquiring F-16 fighter jets from the United States will not harm any...
WASHINGTON, D.C.: Amazon.com has announced that it will launch the first 27 satellites for its Project Kuiper internet network this...
NEW YORK, New York - UN Secretary-General Antonio Guterres has voiced profound concern over the escalating human toll in Gaza, as...
LONDON, U.K.: Daniel Kretinsky's path to owning Royal Mail is nearly complete, as his firm EP Group announced this week that all regulatory...
DUBLIN, Ireland: As tensions rise following the imposition of sweeping U.S. tariffs, Ireland's deputy leader, Tanaiste Simon Harris...
DUBLIN, Ireland: Despite recent policy efforts, a major gender gap remains when it comes to taking time off to care for children. A...
DUBLIN, Ireland: Ireland's pharmaceutical industry has avoided being caught in the crosshairs of U.S. trade tariffs—for now—offering...
DUBLIN, Ireland: With new U.S. tariffs looming, the Taoiseach has issued a stark warning about rising protectionism and urged for a...
BRUSSELS, Belgium: Major automakers, including Volkswagen, Stellantis, and Renault-Nissan, were hit with hefty fines this week after...
DUBLIN, Ireland: Lifting the passenger cap at Dublin Airport has become a top priority for the government, with Taoiseach Micheal Martin...