Czech billionaire set to clinch deal to buy Royal Mail

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The story "Czech billionaire set to clinch deal to buy Royal Mail" was covered 12 hours ago by BBC Business, a news publisher based in United Kingdom.

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Czech billionaire set to clinch deal to buy Royal Mail - BBC Business

Quick Summary:

Daniel Kretinsky is understood to have offered a series of concessions to the UK government.

The deal will still have to be approved under the National Security and Insurance Act although officials stepped in with a similar review when he increased his stake in the company.

The BBC understands they have been sufficient to satisfy the UK government that Daniel Kretinsky is a suitable owner for this historic and important organisation.