News / Royal Mail sale agreed by parent IDS, but it's not a done deal yet

© Mike Clegg

The owner of Royal Mail has agreed to a £3.57bn ($4.55bn) takeover by Czech billionaire Daniel Křetínský – but the deal still might not go through as regulatory and shareholder scrutiny is expected.  

The offer price of 37 pence per share, accepted today, is well above the current share value of International Distribution Services (IDS), which according to Reuters rose 3.5%, to 33.2p this morning. 

The deal must undergo shareholder approval at IDS’s annual general meeting in September, and John Manners-Bell, ...