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Royal Mail owner IDS says Křetínský deal will need clearances in several countries

By Jon Menon ( May 29, 2024, 10:44 GMT | Insight) -- Royal Mail owner International Distributions Services said its $4.6 billion acquisition by a Czech billionaire will need UK national security clearance and antitrust approval in several countries. The deal is conditional on antitrust clearance in Canada, the US, UK, the EU and Serbia, according to an IDS filing today. The transaction will also need national security approval in the UK, foreign direct investment clearances in the US, Denmark, Austria, Germany, Romania, Canada and other possible third-party clearances.Royal Mail owner International Distributions Services said its acquisition by a Czech billionaire Daniel Křetínský will need UK national securities clearance and antitrust approval in several countries....

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