Home / Royal Mail / Taxpayers lost out on £1bn as Government undervalued Royal Mail in botched … – This is Money

Taxpayers lost out on £1bn as Government undervalued Royal Mail in botched … – This is Money

admin July 11, 2014 Royal Mail Leave a comment 93 Views

Taxpayers lost out on £1bn as Government undervalued Royal Mail in botched …
This is Money
Royal Mail was privatised in October when the Government sold 60 per cent of its holding at 330p a share, but they rose as high as 618p per share and closed trade yesterday at around 473p – valuing Royal Mail at £1.4billion more than the sale price.

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