Tag #National Infrastructure

What are the key terms of the Royal Mail sale to EP Group, and what immediate consequences will this have for Royal Mail's operations and employees?

Czech billionaire Daniel Křetínský's EP Group will acquire Royal Mail for £3.6 billion, keeping its headquarters and tax residency in the UK for at least five years. This deal includes maintaining Royal Mail's universal service obligation and negotiating with unions. The sale follows years of losses and unmet delivery targets for Royal Mail, resulting in a recent £10.5 million fine from Ofcom.