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Inquiry status: inquiry concluded.
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.
Public Accounts Committee hold further evidence session at 2.30pm, Wednesday 30 April 2014
Public Accounts Committee take evidence at 3.15pm on Monday 28 April
Evidence given by Martin Wheatley, Chief Executive, Financial Conduct Authority, and William Amos, Director, Wholesale Banking and Investment Management, FCA
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