(AFX UK Focus) 2009-05-31 15:11 UPDATE 1-CVC bids $3.2 bln for Royal Mail stake -report (Interactive Investor)

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LONDON, May 31 (Reuters) – Private equity group CVC Partners has offered to pay just under 2 billion pounds ($3.21 billion) for a 30 percent stake in state-owned postal group Royal Mail, the Sunday Telegraph reported. The bid is higher than a rival offer from Dutch logistics group TNT but below the government’s original target, the newspaper said. A spokeswoman for the government’s Department …

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