The Government has approved the £3.6bn Royal Mail takeover by the Czech billionaire Daniel Křetínský
The deal will see the postal service pass into foreign ownership for the first time
Amid worries over the service, Kretinsky told the BBC that he intends to invest heavily in the roll out of delivery lockers to make online deliveries more efficient and will keep one price letter delivery six days a week for now
Royal Mail’s headquarters, tax base, and corporate structure will remain British for five years under an agreement reached with the government.
