The Financial Times claims the government is considering a 100% flotation, a staged approach or a sale of a stake to an industry or private equity buyer in the next few years.
The news emerged in an interview with the minister for employment relations, consumer and postal affairs, Ed Davey.
He told the newspaper that the coalition government would pass “flexible” legislation by next June, adding the goal is to get private capital and private disciplines in.
He reportedly said: “We will do that when we think that can be best delivered. I would hope and expect it to be within the next two to three years.”
Royal Mail’s business has come under pressure from new competitors and growing use of e-mail. It also faces a pension fund deficit put at up to £10bn.
Resolving the pension deficit would ensure “any purchaser of any type has certainty,” Davey was quoted as saying.
See full article at: Royal Mail sell-off likely “in two to three years” | News | Marketing Week.
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