The sale of Royal Mail to Czech billionaire Daniel Kretinsky's EP Group is close to being finalised and could be confirmed in the next two weeks, according to sources close to the deal. Kretinsky has agreed to make extra concessions in order to clinch the takeover, the BBC understands.

Czech energy oligarch Daniel Křetínský is to finalise his pursuit of the Royal Mail, the world’s oldest operating postal company, “in the next two weeks”, BBC reported, quoting sources close to the deal.

As Royal Mail struggles with financial woes, a surprising suitor emerges. Could this be the lifeline the iconic British service desperately needs?