Cash offer from Daniel Křetínský’s EP Group still needs approval from shareholders and government
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The takeover of Royal Mail has edged closer after its owner agreed terms and conditions on a £3.57bn takeover by the Czech billionaire Daniel Křetínský.
In an update to the market on Wednesday, the postal service’s parent company, International Distributions Services (IDS), said it had accepted a cash offer from Křetínský’s EP Group.