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Govt may own 38% in Royal Mai

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POSTMAN
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Govt may own 38% in Royal Mai

Post by POSTMAN »

http://www.itv.com/news/story/2013-09-2 ... flotation/" onclick="window.open(this.href);return false;

The Government's share in Royal Mail could be as low as 37.8% when it is floated next month. It said the firm is expected to be valued at between £2.6 billion and £3.3 billion when it is listed on the London Stock Exchange.

There is no magic about the 37.8% share in Royal Mail that the government is retaining. It had pledged 10% of shares to staff - and it had said it did not wish to keep a controlling interest. That left anywhere from 90% to 51% to sell off - depending on market conditions
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