Summary
The UK government has approved Czech billionaire Daniel Křetínský’s £3.6bn takeover of International Distribution Services (IDS), Royal Mail’s parent company, after a national security review.
It marks the first foreign ownership in Royal Mail’s 508-year history. The government retains a “golden share” to protect the postal service’s obligations, branding, and UK-based operations.
The deal includes commitments to maintain the universal service, worker protections, and delivery performance.
While seen as a pivotal moment for Royal Mail’s future, scrutiny persists over Křetínský’s ties to Russian energy and controversial business dealings.
What an incredibly stupid decision.
And the orange shit gibbon is going to try to do the same thing for no reason.
Ah, I was wondering how will lemmy make sure to talk about trump after the elections are over?
Yeah, right, by mentioning him and upvoting any mentioning of him in any sub on any topic.
This is a thread about UK and Czechia. Get the hell out with your American politics. Shove it faaaar up your ass and then walk like that till you reach reddit.
Nice of them to let Putin have access to everything going through the UK post.
The government have most-likely already given America access to all our internet traffic, or at least gives them it on request. Putin is going to cause me less of an issue that America.
You do know who just got elected president of the U.S., right? And his relationship with Putin?
Surely a foreign entity controlling your country’s infrastructure or services is not that desirable.
