UK Approves Daniel Kretinsky's £3.6 Billion Bid for Royal Mail's Parent Company

Forex - The sale of Royal Mail's parent company to a Czech billionaire has been approved by the government. According to reports, the £3.6 billion transfer by Daniel Kretinsky's EP Group will be announced this morning. The government will hold a "golden share," which will require approval for any significant changes to Royal Mail's ownership, the location of its headquarters, and its tax residency. Other commitments made to trade unions include that workers will receive a 10% share of the dividends paid to Kretinsky, and the establishment of a worker group that will meet monthly with management to give employees a greater say in how Royal Mail is run.