Royal Mail

Nicholas Brown Excerpts

Wednesday 10th July 2013 Commons Chamber

[Vince Cable]

I made it very clear that the Government plan to become a minority shareholder in the company and that the majority will be a combination of shares sold in the market and shares held by employees. We are not predicting at this stage how far the sale will go, as that will depend on the market.

[Mr Nicholas Brown (Newcastle upon Tyne East) (Lab)]

What sorts of significant investors has the Secretary of State in mind?

[Vince Cable]

There will be a combination of institutional and private investors. There will be a retail offering that can be obtained by two routes: by applying to the Government directly over the internet, and through brokers. Ownership will be widely dispersed.