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Taxpayers lost out due to the Government's low valuation of Royal Mail (Other OTC: ROYMF – news) shares during its privatisation, the National Audit Office has found. The Government sold £2bn-worth of shares in October, amounting to 60% of the company. The NAO points out that on the first day of trading alone, Royal Mail's new shareholders benefited to the tune of £750m – money which could have …
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