The privatisation of the Royal Mail

Background The Department for Business, Innovation and Skills sold 60 per cent of Royal Mail in October 2013 for £1,980 million. Given the scale and significance of what has been the first public offering for many years of shares in a publicly owned company, the National Audit Office conducted a value for money examination of … Show more

Background The Department for Business, Innovation and Skills sold 60 per cent of Royal Mail in October 2013 for £1,980 million. Given the scale and significance of what has been the first public offering for many years of shares in a publicly owned company, the National Audit Office conducted a value for money examination of the privatisation. This examination and the Committee’s inquiry covers the later stages of restructuring the company in readiness for sale, the sale process used, and whether the market performance since privatisation indicates whether the sale objectives have been achieved. Relevant information National Audit Office report: The privatisation of the Royal Mail Chair's statement on privatisation of the Royal Mail Show less