Czech billionaire Daniel Kretinsky
pressed on with his buying spree on Wednesday as EP Group, one
of his investment vehicles, finalised a deal to take private the
owner of Royal Mail in Britain. .
International Distributions Services, parent company of Royal Mail, has been acquired by Czech billionaire Daniel Kretinsky for $4.55 billion. The 500-year-old company has faced recent struggles, including worker strikes and regulatory scrutiny. The deal marks a significant change for the historic postal service, now facing new leadership and challenges.