Royal Mail Sale Adviser Lazard 'Given Priority Investor Status for Shares'

One of the financial firms advising the government on its sale of Royal Mail – which it has been accused of undervaluing – was a priority investor given special preference in the privatisation, it is claimed. Lazard & Co helped the UK government to set its 330p offer price for Royal Mail's flotation onto the London Stock Exchange. But when trading began, Royal Mail's share price rocketed and now …

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