Billionaire Kretinsky secures regulatory approval for Royal Mail takeover bid
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FILE PHOTO: Czech businessman Daniel Kretinsky speaks at a conference in Prague, Czech Republic, October 17, 2023. REUTERS/David W Cerny/File Photo
(Reuters) - Czech billionaire Daniel Kretinsky's takeover of Royal Mail-owner International Distribution Services has cleared all regulatory conditions, his company EP Group said on Thursday.
The offer may become or be declared unconditional by April 30.
The British government approved the 3.57-billion-pound ($4.58 billion) deal in December 2024, and it was expected to close in the first quarter of this year. However, EP Group had said in March that the deal could likely get delayed due to regulatory issues in Romania.
(Reporting by Yamini Kalia and Chandini Monnappa in Bengaluru; Editing by Janane Venkatraman)
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