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Government appoints banks for Royal Mail listing

LONDON (Reuters) – The government has appointed Goldman Sachs and UBS as the lead banks to run a London stock market listing of Royal Mail. The initial public offering (IPO) is expected to take place later this year and could value the state-owned business at 2-3 billion pounds ($3-4.5 billion), making it Britain's biggest privatisation for 20 years. Goldman and UBS will act as joint global co …

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