'Royal Mail valued higher than sale price'

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LONDON: Britain's Royal Mail was valued by some investment banks 50 per cent higher than last week's public sale price, a newspaper reported. In a report on Saturday, the Financial Times said Royal Mail was valued by banks not involved in the sale at up STG5 billion (RM25.5 billion) in June. The newspaper said at least two investment banks pitched a maximum price of about 500 pence, quoting …

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