Skip to comments.(UK) Royal Mail to be sold off by next April in biggest privatization for over two decades
Posted on 04/25/2013 8:37:19 PM PDT by Olog-hai
People will be offered the chance to buy shares in Royal Mail in the next 12 months, ministers have told MPs.
The formal announcement from Business minister Michael Fallon starts the clock on what is set to be the biggest privatization for over 20 years.
Royal Mail is expected to raise between £2 billion ($3.1 billion) and £3 billion ($4.6 billion) when it is privatized. Any selloff will rival the Tell Sid privatizations of British Gas and BP in the mid-1980s Thatcher government.
(Excerpt) Read more at telegraph.co.uk ...
If only the BBC were next...
Yep. No good reason for the BBC or PBS/NPR to exist on the dole
If the pedophile ring that was nurtured by the BBC is not a great enough catalyst for privatization, it safe to say not even the bankruptcy of the country will effect its place.
I think I’ll pass on buying into a post office. I’m still trying to unload my buggy whip shares.