The UK government will retain a ‘golden share’ in Royal Mail, to prevent its headquarters moving overseas or changes to its tax residency.
Photo: Adrian DENNIS / AFP
Source: AFP
Britain’s centuries-old Royal Mail is set to pass into foreign ownership after the UK government Monday approved the takeover of its parent company by Czech billionaire Daniel Kretinsky’s EP Group.
The takeover of International Distribution Services (IDS) is worth £3.6 billion ($4.5 billion).
The deal “protects…
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