Royal Mail workers to share in sell-offFinancial Times“To do that Royal Mail needs future access to private sector capital because the postal market is changing; the number of letters we send is declining, while the number of parcels is growing as online shopping becomes more popular. Royal Mail is … More: continued here
Britain to Sell 360-Year-Old Royal Mail in $3 Billion IPOBloombergThe U.K. government said it will sell a majority stake in 360-year-old postal service Royal Mail Group Ltd. via an initial public offering by the end of March. Staff will get 10 percent of the shares for free, on condition they hold them for three ……
UPDATE 2-UK to list Royal Mail, woos workers with free sharesReutersUK to list majority stake in Royal Mail by end March. * To give away 10 pct stake in firm to UK postal workers. * To be biggest UK privatisation for around 20 years. * Analysts see Royal Mail valued at up to 3 bln…
LONDON (AP) — The Royal Mail can trace its history back 500 years to the time of Henry VIII and its bright red “pillarboxes” grace streets across the UK — from the Scilly Isles to Scotland. More: continued here
UK to IPO Royal MailWall Street JournalThe selloff will create the largest employee share scheme of any British privatization for almost 30 years, with about 150,000 Royal Mail employees eligible to receive free shares. In total, employees could hold a combined 10% stake in the company. More: continued here
Postal workers to get shares in private Royal MailYahoo! NewsThe UK's coalition government laid out plans Wednesday to privatize the Royal Mail. Analysts have speculated that the company could be worth 3 billion pounds ($4.5 billion). The government plans to sell a majority stake but it has yet to decide on the … More: continued…
Cable Said to Outline Plan for UK Royal Mail Shares Sale (1)BusinessweekU.K. Business Secretary Vince Cable will today announce plans for the sale of shares in state-owned Royal Mail Group Ltd., with 10 percent of the stock to be given to staff, according to a person familiar with the proposals. Cable will set out the…
New York Times Royal Mail Employees to Get Free Shares in IPONew York TimesPlans to privatize Royal Mail have become more concrete recently when the service's finances improved and pressure to reduce the budget deficit increased. Royal Mail had struggled to compete with other postal services in an increasingly competitive …UK to list Royal Mail,…
The Government unveiled plans for a £3bn float of Royal Mail on the London Stock Exchange, relegating efforts by private equity to buy the delivery service to a “reserve option”. More: continued here
Royal Mail privatisation will not affect postal delivery – Vince CableThe GuardianThe Royal Mail's duty to deliver to all 29 million homes in the UK will survive privatisation, the government has said, as it unveiled plans for the most significant state sell-off since the railways in the 1990s. . The pledge came as business ……