What will Royal Mail’s takeover mean for customers and postal workers?

The billionaire Daniel Křetínský, AKA the Czech Sphinx, is poised to buy the business – but what does he have planned?

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.

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from The Guardian https://ift.tt/BcfahQ6

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