Czech billionaire Daniel Kretinsky has made a series of promises to secure government approval for his £3.6 billion ($4.6 billion) takeover of Britain's Royal Mail.
The tycoon's EP Group made legally binding commitments relating to Royal Mail's obligation to deliver letters and parcels to every part of the UK, according to a statement Monday. It said it promised not to change the postal service's ownership for at least three years and pledged that any stock market listing of the company over the next five years would happen in London.