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The Guardian |
Royal Mail sale underpriced by £1bn, says scathing select committee report
The Guardian Royal Mail was privatised in October when the government sold 60% of its stake at 330p a share, valuing the company at £3.3bn. On their first day of trading, the shares jumped by 38% – far higher than normal for a flotation – and continued to rise … Taxpayers 'lost £1bn' on Royal Mail sale, MPs say Royal Mail rip-off sale cost taxpayers £1bn UK lawmakers criticise government and advisers over Royal Mail sale |
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