We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedChange Management

Government to 'begin privatisation of Royal Mail'

Offering is expected to bring in £3 billion to £4 billion

Article comments

The government will sell or float part of the Royal Mail in the autumn, reports suggested on Friday.

The offering is expected to bring in between £3 billion to £4 billion, the Financial Times said.

The FT cited people close to the sale process as saying the government is attracted to a stock market flotation if the financial climate for initial public offerings improves.

A flotation is likely to involve a sale of shares to the public as well as institutions, backed by a marketing effort, according to the article.

Privatisation is likely to begin with a partial sell-off, with the rest sold later, but a full sale at the outset has not been ruled out, the FT said.

Royal Mail employees would get a stake of at least 10 percent when privatisation is completed, while the Post Office network would remain in the public sector and may be mutualised.

Royal Mail could not be reached for immediate comment.


Recommended Articles


Government to 'begin privatisation of Royal Mail'
Change Management

Ocado: Online food is not our bread and butter

Ocado: Online food is not our bread and butter

ComputerworldUK meets Ocado CTO Paul Clarke to find out why the company believes it is a tech company, not a retailer, at heartmore ..

Big increase in UK online sales tracked by IMRG Capgemini

Estimated £8.1 billion spent onlinemore ..

BHP Billiton names CFO Graham Kerr boss of new demerger business

BHP Billiton announced plans to separate its main business to simplify the group and boost shareholder valuemore ..

Online retailers to benefit from superfast broadband

Government hopes that 95 percent of the population will have superfast broadband by 2017more ..

How new technologies are 'disrupting' shared services

A whole new model with less staff, more focus on intellectual capabilities and localised staffing is evolvingmore ..

Car industry’s greatest challenge is the shift to software

BMW’s outage illustrates the minefield manufacturers are navigating in light of the connected carmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..


* *