The curious case of why a billionaire wants to buy Royal Mail

Published: 4/13/2025
The curious case of why a billionaire wants to buy Royal Mail
Billionaire investor Daniel Kretinsky's recent bid to purchase Royal Mail's parent company has raised eyebrows due to his background and interests. The UK government approved the deal after Kretinsky agreed to certain conditions, including giving the government a "golden share" in the company. Royal Mail has faced challenges in recent years, such as declining market share and fines for missing delivery targets. Kretinsky aims to revitalize the company by focusing on its parcels business and investing in technology and out-of-home delivery services.