Home / Royal Mail / Royal Mail was worth £10bn, said JP Morgan. It sold for £6bn less

Royal Mail was worth £10bn, said JP Morgan. It sold for £6bn less

Investment bank gave valuation before flotation, as unions accuse government of 'conspiracy against taxpayer' One of the world's largest investment banks told ministers ahead of the Royal Mail flotation that they could sell the postal business for £10bn, around two and a half times more than the government finally received for it. News of the valuation from JP Morgan re-ignited the huge row over …

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