Home / Royal Mail / Cheap sell-off of Royal Mail cost every family £55: Banks told Vince Cable he could have got £1billion more than he …

Cheap sell-off of Royal Mail cost every family £55: Banks told Vince Cable he could have got £1billion more than he …

admin February 7, 2014 Royal Mail Leave a comment 60 Views

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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