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Kretinsky Confirms Royal Mail Takeover, Deputies Resume Debate On Pension Overhaul

CZECHIA
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • Czech billionaire Daniel Kretinsky made a binding offer to take over International Distribution Services, the parent company of the British Royal Mail. If completed, it would be the largest foreign acquisition by a Czech investor in history. The takeover is still contingent on approval by the UK government and antitrust authorities. There has been speculation that the transaction may face political scrutiny, with the UK Labour Party previously signalling its intention to "safeguard [the Royal Mail's] undeniable identity and place in public life."
  • Prime Minister Petr Fiala met with his Ukrainian counterpart to discuss security and defence cooperation. Fiala announced that the first tens of thousands of rounds of ammunition purchased under a Czech-led initiative will arrive in Ukraine in the coming days.
  • The Chamber of Deputies will today continue its extraordinary session about planned pension-system changes.
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  • Czech billionaire Daniel Kretinsky made a binding offer to take over International Distribution Services, the parent company of the British Royal Mail. If completed, it would be the largest foreign acquisition by a Czech investor in history. The takeover is still contingent on approval by the UK government and antitrust authorities. There has been speculation that the transaction may face political scrutiny, with the UK Labour Party previously signalling its intention to "safeguard [the Royal Mail's] undeniable identity and place in public life."
  • Prime Minister Petr Fiala met with his Ukrainian counterpart to discuss security and defence cooperation. Fiala announced that the first tens of thousands of rounds of ammunition purchased under a Czech-led initiative will arrive in Ukraine in the coming days.
  • The Chamber of Deputies will today continue its extraordinary session about planned pension-system changes.