Cabinet Office to scrutinise Czech billionaire’s Royal Mail takeover bid

Cabinet Office to scrutinise Czech billionaire’s Royal Mail takeover bid

Sale of formerly state-owned service to Daniel Křetínský to be examined under National Security and Investment Act

The Czech billionaire Daniel Křetínský’s takeover bid for Royal Mail has been called in by the UK government for closer scrutiny under the National Security and Investment (NSI) Act, the Guardian understands.

Royal Mail’s owner, International Distribution Services (IDS), agreed to a £3.57bn takeover by its largest shareholder, Křetínský’s EP Group, in May.

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