Hogan Lovells has secured a new role as adviser to the UK government on the £3.6bn acquisition of International Distribution Services (IDS), the parent company of Royal Mail, by Czech billionaire Daniel Křetínský’s EP Group, alongside Kirkland, Paul Weiss, and Slaughter and May.
On 16 December, the UK government announced that it had approved the bid after reaching an agreement with Křetínský’ to protect Royal Mail’s workers and key services while ensuring the company remains headquartered in the UK.
