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Royal Mail set for flotation later this year

Royal mail is set to float on the stock market this autumn at a lower than expected price of £2.5bn, according to reports.

A report in The Sunday Times suggests the sell-off will see 130,000 Royal Mail workers receive around £2,000 in shares each on average as part of the IPO. 

Previously it was thought the state-run postal network could be valued at as much as £4bn but the lower price would still see it sit just outside the FTSE 100.

The Sunday Times reports a formal intention to float could be filed with the stock exchange in September.

The report says no decision has been made as to whether the Government will retain a stake. If a flotation proves impossible, the Government may revert to a “plan B” and sell part of Royal Mail to a financial or trade buyer.

Earlier this month the minister for business and enterprise Michael Fallon said “2013-14 is the year” Royal Mail should be privatised in a blog on Tory news site Conservative Home.

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Comments

There are 5 comments at the moment, we would love to hear your opinion too.

  1. I see the following in the future:

    1) Rationalisation of services – post Monday – Friday Saturday cut
    2) Less postal Depots
    3) Less Staff
    4) Mass sell off of royal mail land
    5) Strikes from the over unionised workforce

    Granted the postal service is in massive decline as we use email/forums/websites etc to communicate now, even most of my bills are email not post and I can get statements from websites.

    Will anyone want to invest in it?

  2. Happy days! the postal service is in massive decline. I can not get all my parcels delivered by email. Man i love technology

  3. Wait till Royal Mail announces its profits for the financial year . Royal mails profits are going through the roof

  4. This is going to be fun. Royal mail workers are already overworked. Mail volumes are not falling at the dramatic levels that where predicted. Package levels (at the expense of our high streets) are going through the roof. Any new owner(s) looking for massive profits will find that cuts have already made to the bone. Good thing as previously mentioned we do have a strong union 😀

  5. The Tory government selling off the last of the state run assets – well I suppose if you were unable to sell off national park land its your last option…I’m sure Thatcher died though – obviously reincarnated as Cameron!

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