UK to look at security implications of Křetínský Royal Mail bid

But Jeremy Hunt indicated ministers not opposed to offer from Czech billionaire in principle

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The chancellor, Jeremy Hunt, has said the UK will look at the national security implications of a bid for Royal Mail by the Czech billionaire Daniel Křetínský, but indicated ministers were not opposed to the takeover in principle.

Royal Mail’s owner, London-listed International Distributions Services (IDS), on Wednesday backed a £3.5bn bid by Křetínský’s EP Group, after initially rejecting a £3.2bn offer.