I was amazed to see
the Union Boss backing this take over.
He spoke on BBC1HD AM
[The sale of Royal Mail's parent company
to a Czech billionaire has been approved
by the government.
The £3.6bn takeover by Daniel Kretinsky's
EP Group has been given the go-ahead
after agreeing "legally binding"
undertakings.
The government will retain a so-called
"golden share" that will require it to approve
any major changes to Royal Mail's ownership,
HQ location and tax residency.
EP Group will also have to maintain the
one-price-goes-anywhere Universal Service
Obligation (USO),
which currently means it has to deliver
letters six days per week,
Monday to Saturday, and parcels
Monday to Friday.
The company has committed to maintaining
the USO for as long as it owns Royal Mail.
Earlier this year, Mr Kretinsky told the BBC
he would honour the service - in whatever
form it takes - "for as long as I am alive".
The USO is currently under review, with
Royal Mail suggesting to regulator
Ofcom that reducing second class deliveries
to every other weekday would save
up to £300m
a year and give the business
"a fighting chance".]
https://www.bbc.co.uk/news/articles/ckg93390808o
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