Royal Mail privatised for up to £1.5bn less than City estimates of its value

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Estimates of value ranged from £4bn to £4.8bn ahead of government selloff for £3.3bn, business department reveals The furore over the sale of Royal Mail erupted again on Friday after it was revealed that investment banks have estimated the company's value at up to £1.5bn more than its privatisation price. Figures released by the business department showed that of 21 City advisers that supplied …

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