Foreigners are stripping the UK of its assets. Vulture capitalists are swooping down on our historic companies. We need a strategy to defend jobs and services. We will hear lots of arguments over the next few days about why the Czech billionaire Daniel Kretinsky should not be allowed to complete his agreed takeover of Royal Mail. And yet, the more interesting question is this: why on earth would he want it?
In reality, Royal Mail is a dog of a business, and one that is likely to be very difficult to turn around. Kretinsky may well come to regret his latest acquisition.
Royal Mail has been a poorly performing business for years, and it is not about to get any better
After months of negotiations, Kretinsky has today finally won control of Royal Mail. The board of the company has agreed to a £3.6 billion takeover, allowing Kretinsky to complete the acquisition of the business in which he had already built up a 27 per cent stake.
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