Home / Royal Mail / Royal Mail was valued £1.5billion more than it was eventually sold for, costing taxpayers hundreds of millions in lost …

Royal Mail was valued £1.5billion more than it was eventually sold for, costing taxpayers hundreds of millions in lost …

Amid growing concerns shares were sold too cheaply, Freedom of Information requests revealed that 21 banks pitching to work on the floatation had valued the Royal Mail from £4bn to £4.8bn – well above the eventual sale price of £3.3bilion.

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