The UK government has approved the £3.6 billion takeover of Royal Mail’s parent company by Czech billionaire Daniel Kretinsky. The deal includes commitments to maintain key services and worker involvement, while the government retains oversight through a ‘golden share’ mechanism. Unions have agreed to a set of conditions aimed at protecting employees as Royal Mail faces financial challenges and delivery performance issues. Kretinsky has pledged to invest in improvements, including delivery lockers, amidst ongoing scrutiny related to national security concerns.