Royal Mail

(asked on 11th June 2015) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, what estimate the Government made of the potential profit from the Government's holding in Royal Mail before the announcement of the sale of Royal Mail.


Answered by
Anna Soubry Portrait
Anna Soubry
This question was answered on 17th June 2015

The sale price was dependent on market conditions, the prevailing share price and investors’ interest in buying the shares.

Based on analysis from our independent financial adviser, the sale price achieved, 500p per share, represents value for money for the tax payer.

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