4th Jun 2015 12:18
LONDON (Alliance News) - UK Chancellor George Osborne on Thursday said the government it will sell its remaining stake in Royal Mail Group PLC and has appointed investment bank Rothschild to advise on the deal.
The Department for Business, Innovation and Skills said the government holds a 30% stake in the FTSE 100-listed company, currently valued at around GBP1.5 billion, which was listed in October 2013.
Royal Mail shares were down 1.5% to 518.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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