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Royal Mail sell-off advisers allocated millions of shares

Banks advising government on privatisation have made profit of about £29m since flotation on their own shares Banks advising the government on the controversial sell-off of Royal Mail were allocated millions of shares that have shown a profit of about £29m since its flotation. The gains come on top of the near £17m handed over to the banks in fees for their advice on the float. Ministers have …

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