Britain is set to price the sale of its Royal Mail postal service towards the upper end of its original range, two sources close to the deal said today, potentially valuing the company at up to £3.3 billion (US$5.34 billion). The sale of as much as 60 per cent of Royal Mail is now expected…
The U.K. government is offering shares of Royal Mail Group Ltd. at a price of 300 pence to 330 pence ($4.84-$5.33) apiece amid strong demand for the initial public offering, two people familiar with the matter said. More: continued here
BBC News Royal Mail to price sale at upper end of range-sourcesReuters UKLONDON (Reuters) – Britain is set to price the sale of its Royal Mail postal service towards the upper end of its original range, two sources close to the deal said on Friday, potentially valuing the company at up to 3.3 billion pounds….
By Kylie MacLellan LONDON (Reuters) – Britain is set to price the sale of its Royal Mail postal service towards the upper end of its original range, two sources close to the deal said on Friday, potentially valuing the company at up to 3.3 billion pounds. The sale of as much as 60 percent of…
LONDON (Reuters) – Britain's Royal Mail has narrowed the price range for its planned London listing to the upper end of its original range, two sources close to the deal said on Friday. … More: continued here
Royal Mail Said to Narrow Pricing of IPO to Top of RangeBloombergThe U.K. government is offering shares of Royal Mail Group Ltd. at a price of 300 pence to 330 pence ($4.84-$5.33) apiece amid strong demand for the initial public offering, two people familiar with the matter said. The price range has been narrowed ……
Union extends Royal Mail strike ballotDerby TelegraphTHE closing date for a ballot on whether Royal Mail staff should strike over plans by the Government to privatise the service has been extended. The ballot of 125,000 postal workers, including those in Derbyshire, was expected to close today. RoyalMail. More: continued here
Demand for Royal Mail shares is high enough for the government to sell them near the top of its hoped-for price band. More: continued here
The Times (subscription) Royal Mail shares 'may reach 450p on first day'The Times (subscription)Panmure Gordon became the first City stockbroker to come out with an official view on Royal Mail's prospects. Its prognosis: depending on the float price the shares could be a raging buy. “We believe Royal Mail Group represents an excellent investment … More:…
Wall Street Journal Royal Mail privatisation: Government accused of selling on the cheap before …Mirror.co.ukThe Government has been accused of selling Royal Mail on the cheap before the postal giant rakes in a fortune from a property bonanza. The sale is expected to value the business at up to £3.3billion. But Royal Mail is lining…