Home / Royal Mail / Royal Mail was valued £1.5billion more than it was eventually sold for, costing taxpayers hundreds of millions in lost …

Royal Mail was valued £1.5billion more than it was eventually sold for, costing taxpayers hundreds of millions in lost …

admin February 6, 2014 Royal Mail Leave a comment 160 Views

Amid growing concerns shares were sold too cheaply, Freedom of Information requests revealed that 21 banks pitching to work on the floatation had valued the Royal Mail from £4bn to £4.8bn – well above the eventual sale price of £3.3bilion.

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