UK to review Daniel Kretinsky's Royal Mail takeover bid - BBC
In this article:
LONDON (Reuters) - The British government has called in Czech billionaire Daniel Kretinsky's takeover bid for Royal Mail for closer scrutiny under the National Security and Investment act, the BBC reported on Thursday.
Royal Mail's owner International Distribution Services agreed to 3.57 billion pound ($4.56 billion) takeover by its largest shareholder in May.
($1 = 0.7827 pounds)
(Reporting by William James and Paul Sandle)