LONDON, U.K.: Daniel Kretinsky's path to owning Royal Mail is nearly complete, as his firm EP Group announced this week that all regulatory hurdles for the acquisition have now been cleared.
The Czech billionaire's proposed takeover of Royal Mail-parent International Distribution Services (IDSI.L) has met the final conditions necessary to proceed, bringing the 3.57 billion pounds (US$4.58 billion) deal closer to the finish line.
"The offer may become or be declared unconditional by April 30," EP Group said in a statement.
The acquisition, approved by the UK government back in December 2024, was initially slated to close within the first quarter of this year. However, in March, EP Group had cautioned that regulatory delays in Romania could delay the timeline.
