Royal Mail stake sale could be revived - Mandelson

[TrueBlueTerrier]

http://www.forexyard.com/en/news/Royal- ... 12T144214Z" onclick="window.open(this.href);return false;

BRITAIN-ELECTION/ROYAL MAIL
* Royal Mail stake sale could be revisited - Mandelson

* No commitment to sale in manifesto

LONDON, April 12 (Reuters) - Plans to sell part of Britain's state-owned Royal Mail postal service could be revived in the future, Business Secretary Peter Mandelson said on Monday, denying that the idea had been shelved for good.

Britain's ruling Labour Party dropped plans to sell up to 30 percent of the company last July, saying market conditions were not favourable.

Labour's programme for next month's election referred to the need for continuing modernisation and investment by the Royal Mail in the public sector, leading some commentators to conclude that the stake sale was totally off the agenda.

"Market conditions did not allow, didn't facilitate the introduction of that strategic partner that we wanted to see," Mandelson told BBC Radio 4, adding that Labour could return to the idea were circumstances to change.

"We're not, and we never did, propose to privatise Royal Mail, what we wanted to do was to bring in a strategic partner with a minority stake but with experience of transforming postal services in different parts of Europe or the world."

Private equity group CVC Partners was reported last year to have offered just under 2 billion pounds ($3.09 billion) for the stake and Dutch company TNT also expressed an interest. ($1=.6481 Pound) (Editing by Simon Jessop)

[TrueBlueTerrier]

Anyone confused yet -

[realmichael]

vote green

[steven100]

Expect part of rm to be privatised. Its coming...........

[djchrisc]

"We're not, and we never did, propose to privatise Royal Mail, what we wanted to do was to bring in a strategic partner with a minority stake but with experience of transforming postal services in different parts of Europe or the world."

What has happened to all the graduates that Royal Fail employed, have they been brain washed to Line - Manager level, surely we should have the experience to export around the world, we should be transforming postal services, or does this just highlight the standard of management that is currently running this business into the ground.
Royal Mail should be looking to expand into european markets not the other way round.