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 FeedFinancial Planning

Royal Mail hires advisers prior to privatisation

BofAML, Goldman Sachs and Barclays in the frame

Article comments

In anticipation of its planned privatisation, UK postal services group Royal Mail has hired Bank of America Merrill Lynch (BofAML) and Goldman Sachs as advisers.

In a statement on Monday, it added that Barclays had been confirmed as financial adviser to the group. Barclays already has a banking relationship with Royal Mail.

From the UK government's side, Swiss Bank UBS has been advising the Treasury on the deal which could be the most politically significant privatisation since the sale of British Rail in January 1993.

Royal Mail said that Bank of America and Goldman Sachs would provide it with "additional support relating to early investor soundings to assist with government decision making on the form and timing of a future sale."

However, a spokesperson stressed that a formal appointment pertaining to any future sale had not been made yet. This would be chosen by the coalition government. It is rumoured that a floatation on the London Stock Exchange was Chancellor George Osborne's as well as Royal Mail's preferred option as opposed to an outright private sale.

Market conjecture suggests that a Royal Mail stock listing could take place over the third quarter of 2013 but the group declined to comment on any planned date.



Royal Mail hires advisers prior to privatisation
Financial Planning

Budget: What business wants

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..

Co-operative Group posts £2.5bn loss

Annual loss the worst in its 150 year historymore ..

Google sees 19% rise in Q1 revenue

However, company missed analysts' expectation as ad prices slidmore ..

Starbucks to move Europe HQ to UK

Coffee chain says move reflects growing importance of UK marketmore ..

Stay ahead of the curve

CFOs used to low interest rates ignore working capital optimisation at their perilmore ..

Digital streamlining of travel and expense claims [Part II]

Concur shows CFOs how to make life easier when the auditors come knockingmore ..

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
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

In Depth
What every company needs to do about big data?

What every company needs to do about big data?

In the first of a three part series, Pat Brans explores just how big 'big data' will get? more ..


* *