this post was submitted on 16 Dec 2024
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News

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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.

top 10 comments
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[–] Gradually_Adjusting 52 points 3 weeks ago

Quietly, but with feeling: What the fuck?

[–] foggy 23 points 3 weeks ago (2 children)

Why can't someone just ice Putin so we can get shit going back to fucking normal?

[–] [email protected] 16 points 3 weeks ago* (last edited 3 weeks ago)

Putin? This shit started with Thatcher, no?

[–] [email protected] 15 points 3 weeks ago

Coming soon to a government over you

[–] ohwhatfollyisman 14 points 3 weeks ago (1 children)

so, the czech's in the mail?

[–] [email protected] 1 points 2 weeks ago* (last edited 2 weeks ago)

I hate you <3

[–] joeynotjoe 12 points 3 weeks ago
[–] [email protected] 1 points 2 weeks ago

Did anybody know they were going to privatize?

[–] [email protected] 1 points 2 weeks ago

That's all it costs? $3.6Bil? No one tell Elongated Muskrat