COMMONS

The privatisation of the Royal Mail

Inquiry status: inquiry concluded.

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.

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    Glossary

    • Reports and associated evidence – Reports of Committee inquires. This category may also include Special Reports where they are used by a Committee to bring matters relating to conduct of its business to the notice of the House.
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  • 28 Apr 2014 - Privatisation of Royal Mail - oral evidence | PDF version (PDF206 KB) HC 1221 | Published 23 May 2014

    Evidence given by Martin Wheatley, Chief Executive, Financial Conduct Authority, and William Amos, Director, Wholesale Banking and Investment Management, FCA

  • 30 Apr 2014 - Privatisation of Royal Mail - oral evidence | PDF version (PDF350 KB) HC 1221 | Published 13 May 2014

    Evidence given by William Rucker, Chief Executive, Lazard & Co., Alan Custis, Managing Director, UK Equities, Lazard Asset Management Ltd, James Robertson, Managing Director, UBS Ltd, Richard Cormack, Managing Director, Co-Head of Equity Capital Markets, Goldman Sachs, Martin Donnelly, Permanent Secretary, Department for Business, Innovation and Skills, and Mark Russell, Chief Executive, Shareholder Executive