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UK approves Royal Mail takeover by Czech billionaire
UK approves Royal Mail takeover by Czech billionaire
Business and Economy
by  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. Both parties have been waiting for the government green light since IDS in May accepted the takeover offer from the EP Group, which already held a near 28-percent stake.