Royal Mail shares priced at 330 pence in oversubscribed sale

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By Sarah Young and William James LONDON (Reuters) – Britain sold a majority stake in Royal Mail at 330 pence a share on Thursday following massive investor interest that values the postal service company, known worldwide for its iconic red postboxes, at 3.3 billion pounds ($5.3 billion). In one of Britain's biggest privatizations for decades, Royal Mail priced its London listing at the top of a …

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