The billionaire sometimes known as the Czech Sphinx appears to be on the verge of becoming the first person to buy the Royal Mail in its 500-year history.
The board of the British postal service’s parent company, International Distribution Services (IDS), has agreed to a £3.57bn takeover bid from Daniel Křetínský, meaning the deal has a strong chance of going through.
A sale would mark a milestone in the history of a business that was privatised just over a decade ago but that can trace its history back to Henry VIII’s Masters of the Post.
So what will a takeover mean for customers and posties and what can we expect from the Czech Sphinx?
The original article contains 114 words, the summary contains 114 words. Saved 0%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The billionaire sometimes known as the Czech Sphinx appears to be on the verge of becoming the first person to buy the Royal Mail in its 500-year history.
The board of the British postal service’s parent company, International Distribution Services (IDS), has agreed to a £3.57bn takeover bid from Daniel Křetínský, meaning the deal has a strong chance of going through.
A sale would mark a milestone in the history of a business that was privatised just over a decade ago but that can trace its history back to Henry VIII’s Masters of the Post.
So what will a takeover mean for customers and posties and what can we expect from the Czech Sphinx?
The original article contains 114 words, the summary contains 114 words. Saved 0%. I’m a bot and I’m open source!