UK regulator says no reason to investigate RM sell-off

[TrueBlueTerrier]

UK regulator says no reason to investigate Royal Mail sell-off

http://uk.reuters.com/article/2014/04/2 ... LC20140428" onclick="window.open(this.href);return false;

Britain's financial regulator said on Monday there was no reason to launch an inquiry into the government's privatisation of postal operator Royal Mail , a sell-off that has drawn criticism that it short-changed the taxpayer.

Last October, Britain sold 60 percent of Royal Mail at 330 pence per share, ending 500 years of state control and raising 2 billion pounds ($3.36 billion) for the public purse.