Badenoch says proposed sale of Royal Mail to foreign owner must protect service
by David Hughes
May 16, 2024
2 minutes
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Business Secretary Kemi Badenoch has said the Royal Mail’s universal service obligation will need to be protected in any sale of the firm.
Royal Mail’s owner International Distribution Services (IDS) is “minded” to agree a takeover by shareholder Daniel Kretinsky, after the Czech billionaire put forward a bid worth about £3.5 billion.
Ms Badenoch met IDS bosses for talks on the proposed sale and
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