Britain’s 500-year-old Royal Mail is being bought by a Czech billionaire
From the article: "... London CNN — The owner of Royal Mail has accepted a £3.57 billion ($4.6 billion) takeover bid from Czech billionaire Daniel Křetínský, paving the way for the sale of one of Britain’s oldest and most iconic institutions to a foreign owner for the first time. International Distribution Services, which owns the loss-making postal service, said Wednesday that it had accepted a £3.70-per-share ($4.69) takeover offer from Křetínský’s EP Group. The deal has consequences for thousands of workers and has sparked anxiety about the future of a key piece of national infrastructure, which delivers a vital public service. ..."
Article Reference: www.cnn.com
